scandinavian property magazine

Luckily, you COPENHAGEN IN THE MIDST OF

CONSTRUCTION, PROPERTY MASSIVE can’t measure AND INVESTMENT IN | No 1 2014 COPENHAGEN AND DEVELOPMENT MALMÖ REGION No 1 – 2014 everything - Copenhagen and Malmö together form one of Europes most interesting Our investors and clients measure everything we do. regions And so they should. However, what makes us success - ful are all the things you can’t measure. It’s this special Solid infrastructure feel-good sensation you sometimes get when entering investments form a a certain building. It’s this kind of feeling we always sound foundation for strive for in our projects. Tetris is a Copenhagen-based future investors developer established in 2008. What’s more interesting is that we involve ourselves in our investors and clients at a very personal level. From the firstdialogue to the 1,000 new residents final result we’re only a few people driving the process move to Copenhagen and that really makes a difference. An unmeasurable every month magically difference.For more magic visit tetris.as Developing the Scandinavian way – read about exciting new city areas

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SPM_COVER_2014.indd 1 20/02/14 15.01 5593-Tetris_MiPIM ann 230x290.indd 1 12/02/14 14.41 Intense development of winning region Content Useful links: SWEDEN More than 3.7 million inhabitants are www.kk.dk www.investinskane.com 1,000 new residents every month reachable within an hour's drive in the 10 www.copcap.com www.oresundsregionen.org Copenhagen-Malmö area and soon the www.visitcopenhagen.dk www.malmo.se region will experience a new boost. Billions 18 UN’s new Copenhagen headquarters in the www.meetincopenhagen.dk www.skane.se are being invested these years to optimize running for MIPIM Award the region's infrastructure. www.expatindenmark.com www.lund.se The Øresund Region www.mediconvalley.com

20 Everything geared towards attracting DENMARK A new connection to Europe by way of the maximum attention Fehmarn Belt Bridge, railway optimizing, Sustainability

unique infrastructural hubs and more metro lines, are some of the efforts to develop 26 State-of-the-art domicile just the region into one of Europe's most accessible and well-functioning areas. outside of Copenhagen The Øresund Region In this exciting investment climate, we welcome you to Scandinavian Property Magazine. Here you will find useful articles on one of Europe’s most interesting 28 Good progress in Malmö Helsingør Helsingborg regions. in Copenhagen. 36 Brighter days ahead for the office market We have gathered some general as well as specific issues regarding the property

and investment market in the region. Copenhagen and Malmö together make for a vibrant region years after a bridge was built to connect the area and form a new 42 1.6 million sq m for sale in Copenhagen’s new districts Hillerød power center and a commercial hub in Europe. Residential units for sale SKÅNE In turbulent times, the Nordic economies have proved they remain strong. This 48 Copenhagen and Malmö to host – call us any time at +45 2146 5624. international property event in April leaves a safe and stable investment environment - one that more and more inter- Ø re su n d national investors are considering including in their portfolios. The region does not offer exorbitant yields but low risk stable investments with a possible upside if you 50 Major growth in several Danish cities go into the non-core segment. 54 190,000 sq m development Malmö and Copenhagen are experiencing remarkable population growth these years potential north of Copenhagen and this makes the housing market even more interesting. There are always many Nordhavn COPENHAGEN international investors attracted to the region and massive effort is now being CBD focused on improving its accessibility so more companies locate their headquarters 56 Nearly €4 billion to upgrade Danish Lund railway and regional offices in the area. Roskilde Investors can use this magazine to get a snapshot of the region’s development and 60 Denmark’s best-known department Ørestad CBD gather insight into who is setting the agenda and how - on both sides of Øresund. store sold MALMÖ You will meet a lot of the most prominent, influential and important market players. SJÆLLAND Hyllie Be sure to notice the Business Directory where you will find exclusive and direct 66 Danish-Swedish metro would contact info to decision makers from leading companies in the industry. relieve traffic on the Øresund Bridge

Enjoy your reading and if you want to know more – please don’t hesitate to contact Køge 68 An open window for international investors us and we will guide you to further knowledge.

Best regards, 70 Business guide Kamilla Sevel Editor-in-chief Publisher Editor-in-chief Cover photo 80 Hyllie – Malmö’s climate smart district scandinavian Estate Media Nordic ApS Kamilla Sevel Visit Denmark, Kim Wyon Estate Media property Stengade 83 Tlf. (+45) 42 76 00 20 [email protected] DK-3000 Helsingør [email protected] Want to know more about the magazine [email protected] media market in the Nordics Tlf. (+45) 49 25 39 69 Design and layout and advertising in Estate Media Estate Reklame products? Advertising sales Tel. direct (+45) 29 38 74 80 ISSN nr. 1904-2434 Contact: [email protected] CEO Nordic – the Nordic Media House specialized Print Nikolaj Pfeiffer in the property business We develop and lease properties forUnited business Press and [email protected] purposes. www.dfe.dk

SPM_COVER_2014.indd 2 SPM_2014_SAMLET_TIL_TRYK_korr.indd 3 20/02/1420/02/14 14.28 15.01 THE ARENA QUARTER ØRESTAD DOWN TOWN ØRESTAD NORD The Arena Quarter just south of Ørestad CPH City & Port Development works with As home to DR (the national television City, the motorway and the metro, will NCC Property Development on the con- station), Koncerthuset, the IT University of house not only dwellings and businesses, cept and design of Ørestad Down Town. Copenhagen and the South Campus of the but also an indoor ice rink, a school, and Basis is a market differentiation, University of Copenhagen, among others, Copenhagen’s new international arena emphasizing solitary buildings from Ørestad Nord is Copenhagen’s new centre will be the natural centre of this section 3,000 m². Thus, it will be possible for for arts, culture, media and communica- of the city. even smaller companies to have their tions technology. The location is unique, own exclusive headquarters. only 5 minutes from Copenhagen city The area has a total of 270,000 m 2 of centre and with the metro to your doorstep. floor space. The Arena Quarter will be The plan for Ørestad Down Town offers organised around a green park area, space for offices, hotels, residential One of Scandinavia’s largest banks, with a high level of diversity in the buil- development, retail outlets, cinemas, Nordea, recently decided to build its dings in terms of both scale and use. culture, cafes, restaurants and much headquarters in Ørestad Nord. A new Some will be commercial and some more. In total 83,000 m². local plan allows for individual residen- residential, with a mixture of terraced tial (300 apartments) and commercial town houses and apartments. The tenant decides whether to move into buildings in the area, amounting to a domicile or a Company House, and a total of 120,000 m2 of floor space There are roughly 100,000 m2 residential whether the canteen, meeting rooms, of which Nordea is approx. 46,000 m2. building rights and 100,000 m2 commercial reception area etc. will be shared facilities building rights in the Arena Quarter. or for the company’s own exclusive use. Construction of Nordea will start in first half of 2014 and construction of dwellings is expected to follow shortly after.

LM PROJECT SUNDMOLEN The world-famous architect, Steven Holl, Sundmolen is part of Nordhavn, the new has designed the landmark LM Project – waterfront city district. Sundmolen’s the two towers and the bridge between very special identity will be based on the tip of Langelinie and Marmormolen. the combination of 800 apartments and terraced houses in a new building The office project is characterized by two structure of open blocks with 3-6 spectacular and robust towers connected storeys and four existing warehouses. by a thin walkway, which resembles a BE A PART OF ”handshake” between the ends of the Public and private gardens located in two quays. the centre of the pier and along the local streets will make Sundmolen a very The tower on Marmormolen is 24 floors green area. Low plateaus and steps to COPENHAGEN’S high and the tower on the tip of Lange- the water will not only make it possible linie is slightly higher, with 27 floors. to use the water for recreational pur- The bridge connecting the two quays poses, it will also enable larger ships to GROWTH extends from the towers’ 17th floors, continue to dock at some of the quays. 65 meters above the surface of the water. CPH City & Port Development develops and sells some The two office towers will accommodate The local plan should be adopted by of Copenhagen’s most attractive sites. All the sites are a total of 58,000 m2. the City of Copenhagen in late 2014. located centrally in Copenhagen, with good infrastructure The first construction is expected to and public transport. Along with the neighboring UN City, begin in 2015. LM Project is owned by Harbour P/S, When you deal with us, you are dealing with the largest which consists of PensionDanmark, ATP Real Estate and CPH City & Port development company in Denmark. We work with our Development. clients and partners and follow up every new district, from the development phase to the fully completed neighbourhood. byoghavn.dk

SPM_2014_SAMLET_TIL_TRYK_korr.indd 4 20/02/14 14.28 SPM_2014_SAMLET_TIL_TRYK_korr.indd 5 20/02/14 14.28 DID YOU KNOW …. CBRE PROVIDES ASSET MANAGEMENT TAILORED TO YOUR NEEDS?

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SPM_2014_SAMLET_TIL_TRYK_korr.indd 6 20/02/14 14.28 SPM_2014_SAMLET_TIL_TRYK_korr.indd3350_Profilann_230x290_UK.indd 1 7 20/02/1410/02/14 14.2809.29 23566_230x290_GB.indd 1 2/17/14 1:22 PM Small detailS WHY INVEST IN DENMARK? can make a big difference • Low transaction costs • High degree of market transparency and stability • Low financing rates through Danish mortgage credit institutions • Solid key economic indicators We have great experience in both dealing with, and representing some of the leading interna- tional investors through their investment in Denmark. We can set up the best team in regards of tax-, legal- and market issues.

Would you like to expand your network? Please contact our representatives for a personal meeting at MIPIM VISIT uS AT MIPIM

IN CANNES Poul Erik Bech Robert Neble Larsen Helle Nielsen Bjarne Bering Søren L. Pedersen Poul Randrup Chairman, Chart. sur- CEO, HD, MBA Partner, Head of Int. Div., Director, HD, Chart. Partner, Dir., MSc. (f), Chart. surveyor, MDE veyor, MRICS, MDE t: +45 26 32 12 00 Chart. surveyor, MDE surveyor, MDE, MRICS Chart. surveyor, MDE t: +45 20 27 78 02 t: +45 40 31 40 81 M: [email protected] t: +45 40 99 99 46 t: +45 22 32 35 64 t: +45 51 80 40 72 M: [email protected] 11.-14. March M: [email protected] M: [email protected] M: [email protected] M: [email protected] Palais des Festivals - Level 1, 19.14/21.13

Our company has 370 employees and 59 offices in Denmark, 45 of which are dealing with residential properties and 14 with commercial properties. Furthermore we have develop- ment consultancy, property management company and pro- Frank Jensen Thomas Kristensen Christian Jørgensen Claus Fenger Kenneth Nielsen ject development department, dealing with both residential Partner, Dir., CBA Property Advisor, LL.M., IT Manager Dep. Manager, Chart. Partner, Dir., Chart. and commercial projects. We are by far the largest real estate t: +45 20 51 36 92 Chart. surveyor, MDE t: +45 20 77 90 69 surveyor, MDE surveyor, MDE M: [email protected] t: +45 27 13 45 91 M: [email protected] t: +45 30 31 36 41 t: +45 20 33 00 21 GET A COMPETENT PARTNER IN DEAS advisory in Denmark and are also present in Sweden and M: [email protected] M: [email protected] M: [email protected] France with a total of 4 residential real estate divisions. We From facilities maintenance to property management, we have an eye have been in business since 1978. for detail in everything we do. Rest assured that we will work flat out for you – because care, precision and competence makes all the difference. learn more at www.deas.dk

PAGE 8 | SCANDINAVIAN PROPERTY MAGAZINE | # 01 2014 CHartereD SurveyorS & internationaL poulerikbech.dk/erhverv • edcerhverv.dk PROPERTY MANAGEMENT · PROPERTY ASSET MANAGEMENT · FACILITY SERvICES · REAL ESTATE AGENCY · PubLIC-PRIvATE PARTNERShIP property ConSuLtantS

SPM_2014_SAMLET_TIL_TRYK_korr.indd 8 20/02/14 14.28 SPM_2014_SAMLET_TIL_TRYK_korr.indd 9 20/02/14 14.28 3360_DEAS_profilannonce_Estate_230x290 UK.indd 1 17/02/2014 14:10 Ørestad region

n Growth Growth n

1,000 new residents every month

The Danish capital is enjoying explosive growth. New, exciting neighbourhoods will be popping up everywhere over the next 10-20 years to meet the increasing demand for housing. At the same time Copenhagen aims to be the first carbon-neutral capital by 2025

New urban development zones are com- Copenhagen expects to become the first ing to several Copenhagen locations and carbon-neutral capital by 2025. even though development work stalled Extensively retrofitting buildings, during the most severe crisis years from reorganizing the energy supply and 2008-2011, more than 1,000 people changing residents’ transport habits are settle in Copenhagen monthly and this some of the many initiatives the City of gives a foundation for further develop- Copenhagen will implement to reach its ment. goal.

And the Danish capital is very ambi- - We were just awarded the Green tious regarding the future of the city: Capital Award, and we won’t be resting >

More than 3.5 million people already live in the Greater Copenhagen Region. More than 1,000 new residents move to Copenhagen alone on a monthly basis, and this creates a huge demand for housing.

# 01 2014 | SCANDINAVIAN PROPERTY MAGAZINE | PAGE 11

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Soon, at ESS in Lund, research will be carried out on the reaction patterns of neutrons. The facility, with a construction cost of more than €2 billion, will be supported by research at Copenhagen universities and is an example of the growth generated on both sides of the Øresund strait, between Sweden and Denmark. The new facility is designed by Danish architects Henning Larsen Architects and Cobe. It will consist of 100,000 sq m and is expected to be finished in 2025.

on our laurels. In 2014, we won’t just be 2025, we will succeed in eliminating the Copenhagen will be a city experiencing > sharing Copenhagen with all of Denmark rest. It is an extremely ambitious goal growth in areas where it is already strong, but with all of Europe. We have already we have set us, says Lord Mayor Frank such as shipping, medico, cleantech and shown that Copenhagen can reduce its Jensen, who was just recently re-elected materials research. The latter will become carbon emissions by 40 per cent and by to his second term as Copenhagen’s even more relevant with the construction frontman. of the European Spallation Source (ESS) in Lund, an over € 2 billion neutron research Frank Jensen is working intensely on station which is receiving support from developing the municipality. Danish universities.

- We expect to be more than 100,000 Copenhagen isn’t just Copenhagen more Copenhageners by 2025, and that requires working with many Partners - We are in a competitive region with including urban planners and interest- almost 3.5 million inhabitants because ed investors on good projects. We are the Greater Copenhagen Region includes working on the next municipal plan and all of Sealand and southwestern Sweden, the overarching theme is ”a growing city as well. This means that the region really supported by green values”, says Frank contains a lot of potential and this makes Jensen, who does not doubt that this it extremely attractive going forward, strategy will make Copenhagen attractive says Frank Jensen. n > moving forward, draw investors and con- By Kamilla Sevel tribute to further sustainable growth.

- Size is important when it comes to remaining an attractive urban area in the future. This is DATEA delivers tailored solutions for all types of investment properties why Copenhagen-Malmö is so interesting because 3.5 million people live in the region, says as well as housing cooperatives and house-owner associations. We are Frank Jensen, Lord Mayor of Copenhagen. well known for being professionals and we always ensure solutions that support our customers’ businesses. datea.dk PAGE 12 | SCANDINAVIAN PROPERTY MAGAZINE | # 01 2014

SPM_2014_SAMLET_TIL_TRYK_korr.indd 12 20/02/14 14.28 SPM_2014_SAMLET_TIL_TRYK_korr.inddMIPIM2014 230x290 Annonce_v1.indd 1 13 20/02/1419/02/14 14.28 11.08 ØRESTAD n Growth 5 NORDHAVN 2 Development in Copenhagen

Hellerup OG HAVN BY PHOTO: Ørestad is a driver in Copenhagen’s almost completed. In the coming reinvention. The New Town brings years the development will focus together corporate headquarters, on the completion of Ørestad City 2 ARCHITECTS DESIGNGROUP PHOTO: architectural innovation and and Ørestad Syd. The Copenhagen The former industrial harbour areas first homes and offices will be ready Northern Europe’s largest central Arena will be ready in 2015. Read are changing into an attractive wa- for use in the Århusgade District. wildlife area to the heart of the city. more at page 42. Brønshøj terfront development. In 2014 the Read more at page 44. One third of the area has already 6 been developed. Ørestad North is

COPENHAGEN Rødovre SYDHAVN Frederiksberg 3 COPENHAGEN SCIENCE CITY 6 Valby 4 Hvidovre 3 1 5 OG HAVN BY FOTO: By 2015 the Faculty of Health and Data Management and Software Medical Sciences will complete Centre for the generator in Swedish its new 42,700 sq m high-rise for Lund will operate in the Niels Bohr PHOTO: BY OG HAVN BY PHOTO: research and education. A few years Science Park from 2019. Copenhagen Øresundsbroen Sydhavn is changing from an recently moved into a former Nokia later, Rigshospitalet, the Copen- industrial harbour to a canal headquarter together with several hagen University Hospital – will The new metro city circle will Airport district. There are app. 12,000 jobs thousand students. Read more also expand by 40 per cent while the connect Copenhagen Science City in the area, particularly within the at page 44. existing buildings are refurbished. directly to the metro network from AMAGER fields of ICT. Aalborg University The European Spallation Source – 2018.

Valby South is developing from Valby Idrætspark – the biggest The former brewery site is changing into an industrial area into a sustai- sports area in Copenhagen – is a creative neighbourhood. Over the next VALBY SOUTH nable and diverse neighbourhood expanding. A new swimming CARLSBERG 4 15-20 years, the Carlsberg City will be de- 1 with modern family housing, complex has recently opened CITY DISTRICT veloped into a unique and lively Copenhagen and cultural and recreational and the planning is underway for urban district for businesses, residents and facilities. Ageing industrial further sports facilities. visitors – a total of approximately 567,000 buildings have been refurbished sq m of mixed development. and retailers, service industries, The development north of the public institutions and creative railway is advancing rapidly, The Consortium behind Carlsberg City con- industries are moving in. though there is room for more in- sists of a number of institutional investors The opening of Ny Ellebjerg train vestments. South of the railway – along with Carlsberg itself. The goal is to station in 2007 and the exten- at the sports area and the former resell it to interested investors. Read more sion of the railway line towards wholesale market – development at www.carlsbergbyen.dk Hamburg have created a new has only just started. regional hub in Valby South. LUXIGON PHOTO: FOTO: DFE FOTO:

PAGE 14 | SCANDINAVIAN PROPERTY MAGAZINE | # 01 2014 # 01 2014 | SCANDINAVIAN PROPERTY MAGAZINE | PAGE 15

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“ “

Selected references, danbolig investment property sales Meet danbolig Erhverv It’s all in the details at MIPIM

The North Tower (Nordtårnet), Amager Beach Park The Beach Front (Strandkanten), Amager Beach Park Serving a wide range of many leading 40 owner-occupied flats – Developer: ELF Development 35 owner-occupied flats – Developer: ELF Development companies, danbolig Erhverv focuses on long-term relationships, building on partnership with our clients.

We provide an extensive range of professional business services. Our core skills include: • Advisory services • Consulting • Valuation, incl. portfolio valuation Harbour House West (Havnehusetvest), North Harbour The Sphinx (Sfinxen), Islands Brygge 27 owner-occupied flats – Developer: Casa Nord 36 owner-occupied flats – Developer: walls • Sales of investment properties • Office, logistics and retail renting • Research services Call +45 4058 2930 Call +45 4059 1406 to arrange a meeting at no obligation here at MIPIM to arrange a meeting at no obligation here at MIPIM Meet us at MIPIM and find out how danbolig Erhverv can help you to achieve “Yes! It takes more than a floor plan and a financing “The good results we achieve are evident on our clients’ your goals and find the right properties. model to pique a potential buyer’s interest in a home bottom lines. And in the eyes of the happy families who that ‘only’ exists in the architect’s mind” put their signature on a contract from danbolig” Contact us at MIPIM:

Torben Lund, Partner, MDE TOWN HOUSE, Islands Brygge Christmas Møller’s Gardens (Christmas Møllers Have), Vermlandsgade Alice Lotinga Torben Hald 30 terraced houses – Developer: walls 76 owner-occupied flats – Developer: Bricks + 45 2840 0522 Partner – 18 years’ investment property sales experience CEO and partner – 23 years’ investment property sales experience [email protected]

Brian Trane, MDE + 45 2888 8620 danbolig keeps pace with trends and Our investment property package includes: [email protected] developments in the housing market, building • The right match of investment property sales agent and estate agent on more than 40 years’ experience and the • Structured relations between you, the architect and other involved parties expertise of our 115 dedicated employees. • Drawing up and handling of relevant documents • Market and target group research for your project Situated in the heart of Copenhagen, we • Consulting on fitting out, choice of materials and interior design Harbour Corner (Havnevigen), Islands Brygge Harbour House (Havnehuset), North Harbour provide investment property sales services • Targeted marketing 49 terraced houses – Developer: NCC 23 owner-occupied flats – Developer: Kuben Byg • Open House to make the right clients feel at home and work closely with architects and building • Process management from project start to hand-over of contractors to follow through on a range of the finished home exciting new projects. • Sales via our 13 estate agencies

danbolig Commercial Dronningens Tværgade 26 DK-1302 Copenhagen K Tel.: +45 3283 0610 danbolig Investment Property Sales Cph · Dronningens Tværgade 26 · DK-1302 Copenhagen K [email protected] [email protected] · tel.: +45 3283 0610 The Beach Houses (Strandhusene), Amager Beach Park The Beach Tower (Strandtårnet), Amager Beach Park 40 terraced houses – Developer: ELF Development 26 owner-occupied flats – Developer: ELF Development

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n Award Award n

UN’s new Copenhagen The UN City brings eight headquarters in the running agencies under one roof

The location of UN City has been carefully Fifteen showers and changing rooms UN City is designed to limit any damage for MIPIM Award chosen to ensure good connectivity with are also available to freshen up after that could be caused by the water that the Copenhagen community. The building your ride. To ensure access for everyone, runs off its surfaces. Around 2 per cent is located in the middle of the new district parking spaces for people with disabilities of the total surface area of UN City is 4 leading architecture firms from Den- designed by Wingårdhs Architects and of Marmormolen, in Nordhavn, within can be found in front of the lobby. covered with vegetation, helping to mark and Sweden are local finalists for Steen & Strøm Sweden developed the walking distance from rail and bus lines. It The roof of the UN City has been coated prevent drains from becoming over-loaded this year’s MIPIM Awards. They are BIG, project. is easily reachable from Copenhagen city with a white, recyclable membrane, made as water naturally filters into the ground. Henning Larsen Architects, 3XN, and centre and the airport, via the Nordhavn from plant-based materials. The environ- Storm water that gathers on pavements Wingårdhs Architects. Furthermore not The Swedish project Max IV is also S-train station. It is also less than a kilo- mentally-friendly coating reflects much is filtered through a sand trap and an oil less than 3 of the actual projects are lo- nominated in the Best Futura category. metre away from public services, such as more sunlight than the usual dark layer. separator before being returned to the cated in the Copenhagen-Malmö Region. Its architects are Fojab Architects and a community centre and schools. harbour. This process dramatically cuts Shøhetta with the City of Lund as its This reduces the temperature of the the risk of pollution while reducing pres- The MIPIM Award winners will be developer. 680 bicycle racks building and cuts the ‘heat island effect’ sure on the municipal sewage system chosen by a combination of the MIPIM To reduce pollution from transportation, often created in urban areas. It also mini- delegates and an international jury, each Danish Architect Firm BIG – Bjarke UN City encourages cycling to work. mizes the need for air conditioning in the Source: UN. group representing 50 per cent of the Ingels Group – is represented in the Best There are 680 bicycle racks across the summer, resulting in fewer greenhouse

PHOTO: MIPIM final vote. Futura Project category by Hualien Resi- site, including 225 which are covered, and gas emissions. dences in Hualien, Taiwan. The developer a further 115 in the basement. The only project placed in Denmark in is Taiwan Development Corporation. The Malmö shopping center Emporia is nominated for a the finals is the newly inaugurated UN MIPIM Award. City, which was developed by CPH City Another of Denmark’s best known & Port Development. The UN City is a architects, Henning Larsen Architects, finalist in the category Best Office & is a finalist in the Best Innovative Green Business Development. Building category for its Norwegian project Østensjøveien 27. The developer In Malmö, Emporia, Malmö’s new of this project is NCC Property Develop- shopping mall, is a finalist in the Best ment. n Shopping Centre category. Emporia was By Kamilla Sevel

Lyngby-Taarbæk City of Knowledge & Urban Development

PHOTO: BY & HAVN. Are you up to date on the latest urban developments?

The UN City at Marmormolen (The Marble Wharf) in Copenhagen has already won the Green Building Award for its energy efficiency.

PAGE 18 | SCANDINAVIAN PROPERTY MAGAZINE | # 01 2014 Partner at MIPIM 2014 Copenhagen Malmö Region – 19.14/21.13 www.vidensby.dk

SPM_2014_SAMLET_TIL_TRYK_korr.indd 18 20/02/14 14.28 SPM_2014_SAMLET_TIL_TRYK_korr.indd 19 20/02/14 14.28 n International investors International investors n

Here the Lord Mayor of Copenhagen Frank players with the right international inve- to the region these next few years, says Jensen is speaking at the 2013 Copen- stors, so that, together, we can show them Kim Bek. hagen-Malmö stand at MIPIM. The 2014 the region’s potential, says Kim Bek. MIPIM stand (no.19.14) will also host several Copenhagen Malmø Annual receptions and other opportunities to meet In addition to MIPIM, going forward, Property Summit Copenhagen decision-makers. International Copenhagen Capacity will also be Copenhagen Malmø Annual Property Sum- investors and property professionals intere- instrumental in contacting international mit is a new initiative which will give the sted in the Copenhagen region will be able property investors at Expo Real. Kim Bek Danish construction and property industry to hear even more about the region, and also expects the new conference Copen- the chance to meet with international in- meet Frank Jensen, at Copenhagen Malmö hagen Malmö Property Summit to play an vestors and showcase the best the region Annual Property Summit in Copenhagen on important role in showing investors what has to offer. April 28-29. the region has to offer and giving them easy access to the market. The conference is organized as a collabo- ration between the City of Copenhagen, Logistics and clean-tech the City of Malmö, Copenhagen Capacity, our job to make Copenhagen visible and Copenhagen Capacity’s goal is to bring Invest in Skåne, Ejendomsforeningen attract investors to the investments they more investors to the Copenhagen area. Danmark, Byggesocietetet and Estate can make here, says Kim Bek, director, Media. n Copenhagen Capacity. - Property is just one of the many different fields we work with. In 2014, we are By Kamilla Sevel This is why Copenhagen Capacity is especially intent on attracting business to encouraging increased collaboration in the the region, and plan to work mainly with Visit Copenhagen Capacity at stand 19.14 industry. logistics, life science and clean-tech. Our and read more about CMPS at overall focus will be whatever it takes to www.cmps.dk - We would like to pair off the right Danish get more investment and more companies Everything geared towards attracting maximum attention Looking for a new Copenhagen Capacity, the Danish capital’s investment promotion agency, is working to reach out to as many Business international investors as possible at this year’s MIPIM.

International investors have really got international investors’ increasing interest current international trends which their eye on the Danish property market in the Danish property market, says Jacob are pointing at Copenhagen. In 2014, location in Denmark? which is why Copenhagen Capacity is Saxild, development manager, Copenha- macro-economic trends are indicating Nordea Ejendomme is one of the largest commercial and professionalism. The size of our property portfolio enab- going all out with its Danish stand and gen Capacity. a certain optimism. It will take a while industrial property companies in Denmark. We offer a va- les us to meet almost any requirement. activities at MIPIM, the annual internati- before we see big volumes of investment riety of office and industrial buildings and leases around For further information, please contact Nordea Ejendom- onal property show in Cannes, which will Several initiatives are part of Copenhag- but we want to take advantage of the the country. me in order to hear about our current offers for commer- run between March 11-14, this year. en Capacity’s overall plan to increase their trends we are seeing. There are still a lot We focus on longterm cooperation with satisfied tenants cial and industrial leases. focus on attracting property investments. of fund investors and a good deal of them through excellence in as service, flexibility, quality and - We would like to take advantage of - We would like to ride the wave of aren’t familiar with Copenhagen. So it’s

PAGE 20 | SCANDINAVIAN PROPERTY MAGAZINE | # 01 2014 Glostrup: Tlf. 4333 8100 I Århus: Tlf. 8781 8800 I [email protected] I nordeaejendomme.dk

SPM_2014_SAMLET_TIL_TRYK_korr.indd 20 20/02/14 14.28 SPM_2014_SAMLET_TIL_TRYK_korr.indd 21 20/02/14 14.28 THE COPENHAGEN MALMO ANNUAL PROPERTY SUMMIT

The Copenhagen Malmö

Annual Property Summit 28th - 29th of April 2014

The Copenhagen Malmö Annual Property Summit is a new executive event in the Malmö Copenhagen region, offering international and local investors and professionals in the property industry a top level know- ledge and networking forum.

Get more info and sign up at www.cmps.dk

In cooperation with: Partners:

SPM_2014_SAMLET_TIL_TRYK_korr.indd 22 20/02/14 14.28 SPM_2014_SAMLET_TIL_TRYK_korr.indd 23 20/02/14 14.28 Nybolig Erhverv nyboligerhverv.dk · oline.dk Nybolig Erhverv nyboligerhverv.dk · oline.dk When you want to sell commercial properties in Denmark...

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Lautrupvang 1A, 2750 Ballerup 7.367 m²

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Lautrupvang 1B, 2750 Ballerup 7.088 m²

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Lautrupvang 3A, 2750 Ballerup 13.440 m²

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Industriparken 29, 2750 Ballerup 3.080 m² Literbuen 16-18, 2740 Skovlunde 8.324 m²

Nybolig Erhverv København A/S Nybolig Erhverv København A/S

Vester Farimagsgade 7, 3 · 1606 København V Nordstensvej 11, 1 · 3400 Hillerød Vester Farimagsgade 7, 3 · 1606 København V Nordstensvej 11, 1 · 3400 Hillerød Tlf. 3364 6500 · [email protected] Tlf. 3364 6500 · [email protected] Tlf. 3364 6500 · [email protected] Tlf. 3364 6500 · [email protected]

En del af en landsdækkende kæde med internationale relationer – nyboligerhverv.dk/nyboligerhverv.dk/koebenhavn En del af en landsdækkende kæde med internationale relationer – nyboligerhverv.dk/nyboligerhverv.dk/koebenhavn

SPM_2014_SAMLET_TIL_TRYK_korr.indd170214_Nybolig_Erhverv_Estate_464x290mm.indd 24 1-2 20/02/14 14.29 SPM_2014_SAMLET_TIL_TRYK_korr.indd 25 18/02/201420/02/14 14.2912:22 Ørestad region

n Future domicile FutureX xxxxxxxdomicile n

State-of-the-art domicile just outside of Copenhagen

With its state-of-the-art solutions, ISS, the Danish facility service company, is living its own philosophy at its new global headquarters in Søborg. PHOTO: ISS PHOTO: At ISS’s global headquarters in Søborg, the company’s storytelling, visions and values are built into almost all of the details. Notice that the re- ception desk is equipped with an LED light border. This makes the desk practically float and the changing colours create a light and harmonious ambiance. - Our new ISS headquarters is a state- and repairs to catering and cleaning. We which has already taken occupancy of of-the-art facility which allows us to can reduce water and energy use with a the building – its new global headquar- demonstrate what we can achieve well-thought-out structure and we can ters. New offices offer advantages headquarters supports knowledge sha- with integrated facility management create a good, flexible and efficient wor- ISS moved into its new domicile in ring, collaboration and efficiency. solutions – solutions that meet all of a king environment, says Jeff Gravenhorst, - At PFA we are happy to increase our September 2013. The renovation work building’s service needs from reception CEO for ISS Group. portfolio of Danish quality properties in transformed the building into a place - It is super flexible. Everyone, including Søborg with a quality tenant like ISS. It where the overall interior design reflects the CEO Jeff Gravenhorst, works in the In 2012, the Danish ISS group, with its is a good fit with our investment policy, ISS’s values while still remaining functio- open space area. We can all see each 530,000 employees, reported revenue says CEO Michael Bruhn, PFA Ejendom- nal. This is a far cry from the company’s other across the floor. This has helped just shy of € 10.7 billion with results of me. former offices at Bredgade in central me get to know everyone quickly, which, €590 million. ISS’s main shareholders Copenhagen. in turn, makes it easier to work together. are EQT Partners and Goldman Sachs The 6,215 sq m property is an example We travel a lot, so all employees are Capital with a 73 per cent stake and the of the workplace of the future, and, at - The Bredgade office had its charm never in the office at the same time. This Ontario Teachers’ Pension Plan and the the same time, a showcase for the facility and history but the long hallways and is why, in principle, there’s not a spot for private Danish investment firm Kirkbi service solutions ISS sells to its clients. winding staircases did not support our everyone. This is our way of using the Invest with 26 per cent of the shares. mantra of ’One company – One culture’. space as efficiently as possible, including PHOTO: ISS PHOTO: From the outside, the building looks Introducing open concept office space the best space of all, the management The new headquarters tests a number of innovative products and

PHOTO: ISS PHOTO: In December, the Danish institutional much like most new Danish commercial has already improved things greatly for offices, which often just stay empty processes with an eye to making them widely available to other ISS The new headquarters tests a number of innovative products and investor PFA Ejendomme took over buildings. It is a white, square building our employees, saysJeff Gravenhorst. anyway, says Manuel Vigilius. n clients internationally. A quiet area where soundproofing materials processes with an eye to making them widely available to other the property in Søborg just northwest designed by the architects Dissing + help to create an almost noise-free space. ISS clients internationally. A quiet area where soundproofing mate- of central Copenhagen, and signed a Weitling who were also responsible for The building also boasts technical By Lotte Lund rials help to create an almost noise-free space. 15-year lease with ISS World Services, modifying it to meet ISS’s needs. solutions which ensure that the global

PAGE 26 | SCANDINAVIAN PROPERTY MAGAZINE | # 01 2014 # 01 2014 | SCANDINAVIAN PROPERTY MAGAZINE | PAGE 27

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n Property market PropertyXxxxxxxx market n

Good progress in Malmö Office vacancy rates are comparatively low while retail is somewhat higher, but, all in all, Malmö property market trends remain reasonable despite intense development of new areas.

VÄSTRA HAMNEN

MALMÖ PHOTO: NEWS ORESUND CENTRE Malmö is the home of several impressive de- in Copenhagen. ria, the biggest mall in Scandinavia, opened velopment areas which, in recent years, have in Hyllie, while Triangeln was inaugurated in succeeded in shifting demand from down- Rents for Class A office space in Malmö CBD CBD, and Mobilia, Caroli City and Entré also TRIANGLEN town Malmö to some of these new ultramod- are €300 per sq m per year, while more ordi- are at the scene. ern, environmentally-friendly offices. nary offices go for € 190 per sq m per year, says Karl Liljequist. Colliers is expecting office market trends to Yields in Malmö are a little higher than those be stable going forward. in Copenhagen. This is a reflection of Malmö Vacancy rates are relatively low compared being Sweden’s 3rd largest city; and of it to the rest of Europe: an average of 6.8 per - During 2014, approximately 6,000 sq m COPENHAGEN being half the size of Copenhagen with about cent, but 4.8 per cent in CBD. of office space is expected to be released in 300,000 people residing in its urban area. Malmö. And in 2015, an additional, approx- HYLLIE - We are seeing a positive trend right now imately 28,500 sq m are expected to be - Prime yields in CBD come in at 5.25 per with vacancy rates falling, says Karl Liljeq- finished in CBD. We expect stable trends on cent per sq m per year while the rest of the uist. the office market when it comes to vacancy downtown area can reach as high as 6.75 per rates and rents. At the same time, we are cent per sq m per year, says Karl Liljequist, Retail space is a slightly different story. In also expecting sustained growth in demand analyst with Colliers International Sweden. CBD, retail facilities rent for almost €700 per outside of CBD as several modern office buil- sq per year, while space in shopping centres dings reach completion. As fewer speculative Yields for Class B facilities in CBD range outside of central Malmö rent for approxi- office buildings were constructed in 2012 from 6.25-6.75 per cent while the rest of the mately €800 per sq m per year. and 2013, the risk of overheating the market downtown area’s office space averages 7-7.5 is reduced, says Karl Liljequist. n per cent. - Vacancy rates for CBD retail space have SOURCE: MALMÖ STAD STAD MALMÖ SOURCE: gone up. This is especially due to the appear- By Kamilla Sevel - New, attractive development areas in Malmö are shifting demand from the traditional CBD to these new prime, environmentally-friendly Office rents in Malmö are also close to those ance of several new shopping centres: Empo- buildings in new developments, says analyst Karl Liljequist, Colliers International Sweden. >

PAGE 28 | SCANDINAVIAN PROPERTY MAGAZINE | # 01 2014 # 01 2014 | SCANDINAVIAN PROPERTY MAGAZINE | PAGE 29

SPM_2014_SAMLET_TIL_TRYK_korr.indd 28 20/02/14 14.29 SPM_2014_SAMLET_TIL_TRYK_korr.indd 29 20/02/14 14.29 n Property market

Development areas in Malmö

The Western Harbour is one of Malmö’s three development areas. The transformation of the Western Harbour from a shipyard and industrial HYLLIE area into a new and sustainable neighbourhood started in conjunction with the establishment of Bo01, a European Housing Expo, in 2001.

An attractive and sustainable waterside urban area is being developed here, re-establishing the contact between this medieval city and the sea. Once complete, the neighbourhood will become home to between 10,000 and 12,000 residents, with a further 20,000 coming here to work or study.

The new landmark of both the neighbourhood and the city, the Turning Torso, is also located here. At 190 metres high, this residential tower was

PHOTO: NEWS ÖRESUND NEWS PHOTO: designed by the world-famous architect Santiago Calatrava.

An expanse of over 200 hectares makes Hyllie Malmö’s largest expansion Other parts of the neighbourhood which have been developed during this area, which when complete will be home to 10,000 jobs and an equal time include Dockan, where the former quay has been converted into a number of homes. The city, together with developers and stakeholders, is marina and surrounding residential buildings. Teknikportalen has been creating a second city centre built on consensus and cooperation. developed into an area of diverse businesses, with the World Trade Center as a good example as one of Sweden’s most energy-efficient buildings. The Malmö Arena, Emporia shopping centre, and MalmöMässan adjacent Similarly, the area where the former SAAB factory once stood has been to Stationstorg have already transformed Hyllie into a well-known desti- environmentally certified under the name ‘Masthusen’ in its new guise of nation for visitors, both regionally and internationally. The office space 18 different blocks. of these buildings and Point Hyllie on the square is already brimming with businesses which chose Hyllie thanks to its location and the site’s The oldest area, Varvsstaden, is the next large section in line for transfor- development potential. mation and is where the nascent media cluster, Media Evolution City, has already got off to a flying start. This area is also home to Universitetshol- Expansion is continuing with two hotels and a focus on additional office men, housing Malmö University and its 25,000 students, and borders one buildings close to the station and housing along the area’s two main of Malmö’s two innovation areas – Malmö Inkubator and Cleantech City streets. Within five years, the central area will consist of approximately Center. 130,000 square metres of office space and 2,500 apartments with parks, schools and family swimming pool close by. WESTERN Hyllie’s buildings are LEED, BREEAM, and Green Building certified. The HARBOUR area’s ambition is to become a world leader in climate-friendly solutions with 100 per cent recycled energy by 2020. PHOTO: SHUTTERSTOCK PHOTO:

Source: Malmö Stad/www.malmo.se >

PAGE 30 | SCANDINAVIAN PROPERTY MAGAZINE | # 01 2014

SPM_2014_SAMLET_TIL_TRYK_korr.indd 30 20/02/14 14.29 SPM_2014_SAMLET_TIL_TRYK_korr.indd 31 20/02/14 14.29 SPM_2014_SAMLET_TIL_TRYK_korr.indd 32 cell +45 4055 2418 [email protected] Lawyer Gregers R Lauridsen CONTACT cell +45 4055 2418 [email protected] Lawyer Gregers R Lauridsen CONTACT

PHOTO: PERRY NORDENG Harbour willalsobeexpanded. 850,000 square metres –CMP’s terminalsandquays intheNorthern part oftheexpansion ofthebusinesspark–whichwillamounttosome logistics that are lookingforaccesstoquayside landwithportservices.As jective istoattract companiesoperating inmanufacturing,processing or CMP willestablishtheMalmöNorthernHarbourBusinessPark.Theob- the NorthernHarbourdistrict.Innext stagetheCityofMalmöand The new terminalsare thefirststagein a long-termdevelopment planfor completed inthecity, covering anarea ofsome250,000square metres. traffic. The expansionisoneofthelargestinfrastructure projects ever fold andpaving theway foranexpansion ofcontainer, RoRo, andrailway new cargoterminalswere opened,increasing CMP’s freight capacityfive- Malmö. In2011Malmö’s NorthernHarbourcameintooperation. Three Copenhagen MalmöPort ABoperates theportsinCopenhagenand HARBOUR NORTHERN Homann Law · Amagertorv 11Homann Law ·Amagertorv ·1160 ·Phone Copenhagen K, Denmark +45 3315 0102 ·www.homannlaw.dk Homann Law · Amagertorv 11Homann Law ·Amagertorv ·1160 ·Phone Copenhagen K, Denmark +45 3315 0102 ·www.homannlaw.dk Advice withacommercial focus Advice withacommercial focus We adviceinalllegalaspects relating toproperties We adviceinalllegalaspects relating toproperties

ILL: SHL three buildingsforoffices andhomes. over MalmöandtheÖresund strait. Inthevicinity, Skanskawillalsobuild be 85metershighandonthetopfloorthere willbeaskybarwithviews people andthehotelwillhave approximately 445rooms. Thehotelwill capacity of1,500people,theconcerthallwillbeabletotake upto1,600 The entire blockcovers 90,000square meters.Thecongress center hasa the hotelandoperate thecongress centerundertheClarionbrand. joint premises forMalmöSymphony Orchestra, andChoicewhichwillrun area, theCityofMalmöthat willmanagetheconcerthallandpartsof Malmo Live isaPartnershipbetween Skanskawhichisbuildingthewhole the summerof2015. Malmö’s new meetingpointislocated inthecitycenter. Thedoorsopenin MALMÖ LIVE MALMÖ 20/02/14 14.29 SPM_2014_SAMLET_TIL_TRYK_korr.indd 33 - ellerfårdukvadratmeterforalledinepenge? alle dinekvadratmeter? Får dupengefor - ellerfårdukvadratmeterforalledinepenge? alle dinekvadratmeter? Får dupengefor Landinspektør ogpartner Ulrik Thomsen rådgiverog ved alle typer opmålingsopgaver – professionelt, prikke til punkt og pris. samt aftalt tid og de specifikke muligheder i netop din ejendom. ViEr du i udførertvivl? Kontakt os for en drøftelse af kontrolmålt din ejendom. betydning for beskatning, handelspriser. husleje og Vil du være på 100% sikker anbefaler vi, at du får grund, Ved opmåling konstaterer vi ofte forskelle i de anvendte kvadratmeter de faktiske og arealer. Det kan have Landinspektør ogpartner Ulrik Thomsen rådgiverog ved alle typer opmålingsopgaver – professionelt, prikke til punkt og pris. samt aftalt tid og de specifikke muligheder i netop din ejendom. ViEr du i udførertvivl? Kontakt os for en drøftelse af kontrolmålt din ejendom. betydning for beskatning, handelspriser. husleje og Vil du være på 100% sikker anbefaler vi, at du får grund, Ved opmåling konstaterer vi ofte forskelle i de anvendte kvadratmeter de faktiske og arealer. Det kan have Landinspektør ogpartner Kristian Baatrup Landinspektør ogpartner Kristian Baatrup Tel 4922 0986 3000 Helsingør Ole Rømers Vej 3 HELSINGØR Tel 4922 0986 3000 Helsingør Ole Rømers Vej 3 HELSINGØR Baatrup &ThomsenA/S Landinspektørkontoret Baatrup &ThomsenA/S Landinspektørkontoret www.landinspektorkontoret.dk www.landinspektorkontoret.dk Tel 4847 0986 3250 Gilleleje Alfavej 4A GILLELEJE Tel 4847 0986 3250 Gilleleje Alfavej 4A GILLELEJE Tel 3313 0986 1358 København K Nørre Voldgade 88 KØBENHAVN Tel 3313 0986 1358 København K Nørre Voldgade 88 KØBENHAVN 20/02/14 14.29 Østerågade Unique property at Strøget Aalborg in the heart of Copenhagen Wonderful property in the city centre of Aalborg

VimmelskaftetVimmelskaftet 46–4846–48 etc.etc. ·· 11611161 CopenhagenCopenhagen KK

FOR SALE FORFOR SALESALE

Distinctive corner property with a very good location at > 3,943 m² investment property One of the most distinctive properties of Aalborg is now Strøget in Copenhagen. The property consists of 5 adjoining – 885 m² residential space, 918 m² o­ ce space o ered for sale. > Total area: 3,839 m² buildings which are situated at the 3 streets Vimmelskaftet and 1,635 retail/café/pub space The property is situated at Østerågade at the end of the > Annual income: DKK 2,678,267 (Strøget), Skoubogade and Skindergade. pedestrian street Bispensgade. > Annual rental income: DKK 8,409,717 > Partially depreciable The property comprises retail/café space in the lower stories The property has strong tenants, who currently include, inter > Yield in year 1: 4.59 % > Rent potential as well as development and o­ ce/residential space in the rest of the property. The alia, Jensens Bø us, Danske Bank and 2 housing units. > Basis for depreciation: DKK 73,754,888 potential of back building property currently comprises 3 vacant o­ ce premises as CASE 276618 The property is a unique jewel, it is in general in a good CASE 276872 well as 1 retail shop at Skindergade. > Price: DKK 137,000,000 in cash [email protected] condition and provides development opportunities. > Price: DKK 54,000,000 in cash [email protected]

Colliers International Danmark Colliers International Danmark

MIPIM_EstateSPM_2014_SAMLET_TIL_TRYK_korr.indd Magasin_230x290.indd 1 34 18/02/1420/02/14 11.1814.29 SPM_2014_SAMLET_TIL_TRYK_korr.inddMIPIM_Estate Magasin_230x290.indd 2 35 20/02/1418/02/14 14.2911.18 Ørestad region

nThe property market The property market n

Brighter days ahead for the office market

The Copenhagen office rental market is stics have become more inclusive. But continuing to normalize although with that is only part of the explanation as bumps along the way. a number of big office facilities really have been vacated recently and are - On the positive side, we have seen now being offered as new rentals on the activity levels on the Copenhagen office office market. This is a consequence of rental market trend upwards these past strategic decisions to optimize 12 months, breaking the flat line that operations that were made several has characterized the market for some years ago but are now manifesting time now. This is significant and a funda- themselves in an actual effect on the mentally crucial trend if the market is to office market, says Stig Plon Kjeldsen. move forward, says Stig Plon Kjeldsen, chief analyst for Nybolig Erhverv Nybolig Erhverv is still expecting stable København, one of the biggest property trends the next 9-12 months, with a risk agencies in the Copenhagen market of slight jumps due to the liberation of and part of a national chain under the a small number of big properties’ vacant financial institution Nykredit. space.

One of the bumps to be navigated is - In the long term, we are very confident apparent in the latest market vacancy that creating new jobs and impro- study, Oline-ED. It shows that office ving the economy will increase office vacancy rates have jumped up in Copen- occupancy rates on the market and hagen and in the Greater Copenhagen reduce vacancy over the next 2-3 years. Region by 0.8 and 2.4 per cent, respecti- This is further supported by the major vely, resulting in current Q1 2014 levels population growth of the national capital of 10.1 and 13.4, respectively. area but will still depend on when the economy takes a positive turn, says Stig - Part of the reason why, we are seeing Plon Kjeldsen. higher vacancy rates is because stati- Because even though Copenhagen– and the other Nordic countries– is conside- red a safe haven due to its ability to All in all, demand is high in spite of the maintain a stable economy throughout challenges on the rental market. But this is the financial crisis, economic develop- also why Danish and international investors ments remain cautious. Consequently, are battling it out for the good products there is no immediate view to pronoun- that meet their criteria. ced growth in the Danish economy.

# 01 2014 | SCANDINAVIAN PROPERTY MAGAZINE | PAGE 37

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- The activity on the rental market, In addition to the vacancy situation, trend will continue in years to come, as > which is relatively high, is caused by the state of the secondary part of the now we are seeing financial institutions what can mostly be characterized office market poses another considerable make the same move. One of the reasons as healthy rental rotation, in which challenge which stands in the way of for this trend is that many old buildings Office market companies adjust their office situation to achieving an actual normalization of the in the City do not offer the necessary DKK per specific needs with regards to location, market. Basically, the challenge lies in flexibility and potential for adaptations. sq m per year Prime rent furbishment and size. The rental market the fact that the competition for tenants We are expecting Nordhavn, Ørestad and 2,500 remains considerably off-kilter when is so tough that the introductory rebates Lyngby to be the focus of moves out of 2,250 it comes to prime and more secondary and furbishment grants offered for new town over the next few years, although 2,000 office segments in that developments rental contracts amount to so much mo- other areas will also be interesting. 1,750 mainly benefit central Copenhagen as ney that they actually often correspond 1,500 well as certain relatively new office to one or several years’ rent. These moves will be a challenge for the 1,250 areas in the Copenhagen area. City area but they will also provide the 1,000 Maintaining valuation is the typical opportunity to engage in new initiatives. 750 Secondary rental market pres- motive for this strategy but it consti- A number of properties, as an alternative 500 sed when it comes to operation tutes a growing problem as the situation to office use, would be an obvious choice revenues continues over time. to convert into housing. Properties Q1 2006 Q1 2007 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 Q1. 2005 Q2(prognosis) 2014 In the classic secondary parts of the which were originally built as housing 1. kvt. 2008 office market, in the Copenhagen area Big tenants may be on their way are especially good candidates. Another and north of Copenhagen, competition out of town interesting possibility would be for more Copenhagen Roskilde Odense Vejle Aarhus Aalborg is tough on the supply side which has - Over the past few years, we have seen institutions of higher learning to move Per cent per year resulted in a market situation which a tendency for major office companies to central Copenhagen. Typically, such Prime yield specifically means that landlords often to leave the City area in favour of a schools only have a limited need for 9% feel compelled to offer considerable location in one of the big office zones parking facilities and furthermore a City 8% introductory rebates and furbishment on the outskirts of central Copenhagen. location would be considered especially grants. There are many indications that this attractive by many students. 7% 6%

5%

4%

3%

Q4 2013Q2 2014 WINSLØW Q1 2005 Q1 2006 Q1 2007 Q1 2008 Q1 2009 Q1 2010 Q1 2011 Q1 2012 Q1 2013 (prognosis)

Copenhagen Roskilde Odense Vejle Aarhus Ålborg

Source: Nybolig Erhverv København.

Did you say real estate? If more study spots and thereby also attractive office districts in town, but leases that are non-terminable for 10 more of the younger population is drawn rent levels are now on the par with those years or more. At Winsløw we are experts in all legal matters to central Copenhagen, it would probably in other harbourfront areas north of regarding real estate result in an increased demand within Copenhagen. The combination of an investment case the leasure segment. This could include with the right quality building, location various forms of entertainment, cafés Investors with large amounts of capital and a quality tenant with a lease with a and more, and could be a welcome boost from Denmark and abroad are show- long period of non-terminability is a rarity within the secondary retail segment. ing huge interest in investing in office on today’s market. This is why it creates property in the capital with a long-term an interesting and attractive window of Rents remain mostly unchanged. In the investment horizon. opportunity for big solid companies with City area, Class A office rents range from their own property which are willing to €195 per sq m, per annum, depending on These investors are even willing to accept enter a sale and lease back arrangement. location and quality while offices on the comparatively high prices, but only for Normally, the companies should be ready harbourfront go for as much as € 300- properties or portfolios within the prime to enter a lease and here also with a term 320 per sqm per annum. Until recently, segment. Companies also run thorough of 10 years or more. n MARCALLIANCE Tuborg Havn, just north of Copenhagen, background checks on tenants. They have    could boast rents slightly above other to be financially sound and willing to sign   

Iben Winsløw Claudia S. Mathiasen Trine Bøgelund-Kjær # 01 2014 | SCANDINAVIAN PROPERTY MAGAZINE | PAGE 39 Visit us at www.winlaw.dk

SPM_2014_SAMLET_TIL_TRYK_korr.indd 38 20/02/14 14.29 SPM_2014_SAMLET_TIL_TRYK_korr.indd 39 20/02/14 14.29 unique properties all over denmark

Freja acquires properties from the Danish state and the Danish regions. All our pro- perties are unique. We sell all types from lighthouses to prisons, hospitals and stately mansions. Many of our properties are diamonds in the rough – worn by years of use and restricted in usage. We make them shine again by working closely with the mu- nicipalities, developing new local plans and minimizing the risk for private investors.

Take a look at our portfolio at www.freja.biz

Large property close to the German border Haderslev Sygehus is situated in the southern part of Jutland close to the German border, the motorway E45 and Haderslev town center. The former hospital totals 50,000 sqm and has an excellent view over the beautiful bay.

Large property north of Copenhagen In Hamlet´s hometown Elsinore we are selling the former hospital, which to- tals 25,000 sqm. The property lies in beautiful surroundings with lush green lawns and the sea nearby. The prop- erty is the perfect spot for a developer on the hunt for an exquisite location.

For further information: No. 8 at Scherfi gsvej, Copenhagen This property is a unique spot in Copenhagen close to the city centre and with the beach just out- Freja ejendomme A/S Per Kondrup side the door. The property is 41,000 sqm and lies in a residential area with stately villas and old Commercial broker trees. No. 8, Scherfi gsvej is the perfect place for a series of new luxury homes. Phone : + 45 33 73 08 11 Mail: [email protected]

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n Developing Copenhagen International investors n 1.6 million sq m for sale in Copenhagen’s new districts

The publicly-owned development property agents in creating contacts increase the opportunity to build hous- between the market and international ing in Ørestad South, a popular district corporation CPH City & Port Partners, so we are inviting a number of which has attracted several foreign them to an event where we will present investors. It is rare that the demand for Development has 1.6 million sq m what we have to offer now, says Jens business and housing grow simultane- Kramer Mikkelsen. ously, and active planning is necessary, available for sale. And investors are says Jens Kramer Mikkelsen. And CPH City & Port Development will lining up. In just one year the first be showcasing many exciting opportuni- Likewise, the new districts will focus phase of Nordhavn, Copenhagen’s ties. At the same time, the development on offering a broad selection of housing corporation is also keeping a close eye types: a mix of owner-occupied housing, new city district, is sold out. on demand. The housing market is rentals, and public housing. currently booming, with the presence of both national and international inves- - The best residential areas are those Only a year ago, Copenhagen began sq tors. Opportunities there are growing with the most diversity, says Jens m sales in a vast new development zone- considerably. Kramer Mikkelsen, who has a wealth -the former industrial port, Nordhavn. of experience with urban development - We are well into developing the local from his former role as Lord Mayor of - We hoped that it would go quickly but plans for the individual districts, e.g. the Copenhagen for 16 years. we certainly didn’t expect this. In just a Arena area in Ørestad. And we target to few months, we sold out of residential be ahead of the game when it comes to While there are only a few company plots in the first zone for which local infrastructure such as child care facilities domiciles apart from the UN City and planning has been completed, says Jens and the like, so we can be sure, that fu- the Swedish developer NCC’s Company Kramer Mikkelsen, CEO of CPH City & ture residents find the district attractive, House in Nordhavn, several companies Port Development. says Jens Kramer Mikkelsen. have located in Ørestad.

The publicly-owned development cor- Several of the new urban districts of Co- - Ørestad is the place for major interna- poration CPH City & Port Development penhagen are planned to accommodate tional domiciles, and many have chosen is working hard to create an overview business and housing—ensuring a lively to locate there so far. With the metro, of places in the city to invest. The main cityscape. Although this remains a re- airport, motorway, and regional trains districts are Nordhavn, Sydhavn and quirement, CPH City & Port Development right at your doorstep and only 10 Ørestad. In the first two locations, the is also taking a dynamic approach. With minutes to downtown Copenhagen and harbourfront locations, the space for sale more than 12,000 new residents a year, 20 to Sweden, there is no doubt that it was previously used for other purposes, an active effort is put into determining would be hard to find a logistical hub while Ørestad is an all new town which which segments should be developed equivalent to Ørestad anywhere else in has seen more than half of its sq m sold first in these urban districts. Europe. So we are certain that demand in the past 15 years. to locate headquarters here will remain - Urban planning in all of Copenhagen’s strong. n > All in all, 1.6 million sq m of attractive development areas is based on a mix By Kamilla Sevel space near the downtown area is open of housing and business but we also for development. have to look at the actual trends in the New Town Ørestad seen from the South with a market, and that is something CPH City look at prize-winning housing complex 8-tallet. - We would like to acknowledge the & Port Development have chosen to do The metro runs directly to the center of Copen- significance of local consultants and now. We have just decided that we will hagen – seen further north in the photo - in less than 10 minutes.

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Hellerup Development areas in Copenhagen Ørestad Nord 3 Ørestad City: 5 2 7 By & Havn is a publicly owned, arm’s years to be able to accommodate the Brønshøj reach, development corporation, which, massive population growth Copenha- in part, develops the framework for to- gen is experiencing these years. morrow’s city in Copenhagen’s former 1.6 million sq m of developable space COPENHAGEN and no-longer used harbourfront areas, is available for sale. 350,000 sq m of Rødovre and develops Ørestad, a new quarter this is currently under negotiation. HANN & BY PHOTO: Frederiksberg Ørestad Downtown is situated in move into a domicile or a Company that was developed over the past 20 the heart of Ørestad, 6 minutes House, and whether the canteen, from Copenhagen Airport and 10 meeting rooms, reception area etc. Valby minutes by Metro from Kongens will be shared facilities or for the Hvidovre 3 HANN & BY PHOTO: Nytorv in the centre of Copenhagen. company’s own exclusive use. The plan for Ørestad Down Town As home to DR (the national televi- its headquarters in Ørestad Nord. 1 offers space for offices, hotels, resi- Construction potential - 800,000 4 sion station), Koncerthuset, the IT There are very few remaining pos- dential development, retail outlets, sq m University of Copenhagen and the sibilities to build in Ørestad Nord, cinemas, culture, cafes, restaurants South Campus of the University of but a new local plan allows for and much more. In total 83,000 sq Hereof sold – 679,000 sq m Sydhavn Copenhagen, among others, Øre- individual residential and commer- 5 m. The tenant decides whether to Remaining 121,000 sq m for sale 1 stad Nord is Copenhagen’s new cial buildings in the area, amounting centre for arts, culture, media and to a total of 120,000 sq m of floor 6 communications technology. The space of which Nordea is approx. Copenhagen Øresundsbroen location is unique, only 5 minutes 46.000 sq m. Airport from Copenhagen city centre and with the Metro to your doorstep. Building opportunities - 479,000 AMAGER sq m Ørestad Syd One of Scandinavia’s largest banks, Hereof sold - 388,000 sq m 6 - Sales of plots in the Aarhusgade quarter of HANN & BY PHOTO: Nordea, recently decided to build Remaining 91,000 sq m for sale In Copenhagen’s southern port men and Teglholmen, and Sydhavn Nordhavn have been very very fast. But there areas, CPH City & Port Development will eventually accommodate a are lots of exciting construction opportunities is engaged in the development total of 9,000 homes and 22,500 left. Soon the local plan will be complete and of three urban areas: Slusehol- workplaces. the potential to build domiciles directly over men, Teglholmen and Engha- ve Brygge. Sydhavn* building opportunities – a metro station will be an attractive selling

198,000 sq m HANN & BY PHOTO: point, says Jens Kramer Mikkelsen, CEO of the The residents and businesses 198,000 sq m for sale Amager Fælled Øst The Arena quarter just south of events in the areas of culture, publicly-owned development corporation CPH in Sydhavnen will be surrounded by *CPH Port & City Development 4 of Ørestad City will house not only music and sport. For music events Port & City Development. plenty of water, light and air. The owned development areas at Tegl- dwellings and businesses, but also etc., the arena will have a capacity population is already approxima- holmen and Enghave Brygge. an indoor ice rink and a school, and of up to 15,000 seated/standing tely 3,500 residents on Slusehol- Copenhagen´s new international spectators. arena will be the natural centre of this section of the city. There are roughly 100,000 sq m residential building rights and CPH City & Port Development is devel- tre long quay, which from 2013 will be able The area has a total of 270,000 sq 100,000 sq m commercial building oping Nordhavn, the new waterfront city to accept up to three large cruise ships at the m of floor space. rights in the Arena quarter. district in Copenhagen. The area is being same time. HANN & BY PHOTO: Building opportunities - Nordhavn Construction potential - 43,000 sq m transformed from an active industrial port into Copenhagen Arena will be an arena 1,186,000 sq m Hereof sold - 43,000 sq m 2 a modern residential and business quarter. The expansion of the Århusgade quarter with of premium international quality, Hereof sold - 452,000 sq m an estimated 300,000 sq m of construc- which can be used for many types Remaining 734,000 sq m for sale When completed, Nordhavn will have room tion started in 2012 and is expected to be for 40,000 residents and an equal number of completed within a decade. The area will work places. contain 165,000 sq m residential space and 140,000 sq m commercial space. The first With its ideal location in Copenha- metre high tower. The first development is taking place employees will move into the area in 2014, gen and great visibility from both in the Århusgade quarter. The area will and the first residents in 2015. Marmormolen the port and the land side, Mar- Marmormolen already has the UN contain165,000 sq m residential space and mormolen is the perfect location City building, which is short-li- 140,000 sq m commercial space. The first Nordhavn 1st phase *building opportunities – 7 for both businesses and residents sted for the MIPIM AWARD, and residents and employees will move into the 660,000 sq m in Copenhagen’s Nordhavn. construction of the area’s under- area in 2014. Nordhavn 1st development phase – sold – ground parking facility and 128 141,000 sq m The local plan was adopted in homes is currently in progress. In order to create more space for Copen- Of the remaining 520,000 sq m. 470,000 for 2010. There are still commercial Don´t forget to vote on your way hagen’s development, CPH City & Port sale building rights available in the down to the exhibition area in the Development is extending Nordhavnen by *The area consists of Århusgadekvarteret, area, including a 25,000 sq m Palais des Festivals. 100 hectares over the next 10-20 years. This Århusgadekvarteret Vest, Sundmolen, Træl- landmark building with a 90 work is being implemented in order to, among astholmen og Levantkaj Vest. 1st phase of PHOTO: BY & HANN & BY PHOTO: other things, create space for a 1,100 me- Århusgadekvarteret is sold out. LAURITZEN VILHELM PHOTO:

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SPM_2014_SAMLET_TIL_TRYK_korr.indd 44 20/02/14 14.29 SPM_2014_SAMLET_TIL_TRYK_korr.indd 45 20/02/14 14.29 www.midtermolen.dk www.midtermolen.dk

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n Investors forum Investors forum n

Copenhagen and Malmö THE COPENHAGEN MALMO ANNUAL PROPERTY SUMMIT

to host international On April 28th and 29th, Copenhagen In addition, The Copenhagen Malmö Annual Property and Malmö are set to joint-host the regional players are Summit will offer thorough insight into international Copenhagen Malmö encouraged to partici- investment opportunities in Copenhagen and Annual Property Summit. pate alongside their inter- Malmö. The conference will take place in national counterparts to forge property event in April downtown Copenhagen at the Scandic Hotel For the first time ever, public and connections between foreign visitors Copenhagen, while the opening dinner will be private parties will join forces to and locals. hosted nearby. showcase the very best the region has to offer. A long list of interna- This property event was born out of PHOTO: KONTRAFRAME tional investors and local property an effort by the cities of Copenhagen professionals are already signed up and Malmö to work together to play to take part in this open event. a more proactive role in attracting international investors and compani- The conference will provide interna- es to the region. tional investors with unique insight into the region’s property market. A The cities hope the program will host of major Danish and Swedish give investors a clearer picture of property players will be there to the conditions for investment in the showcase today’s investment oppor- region and, not least, a better idea of tunities and consulting services. the many opportunities to be found in Copenhagen and Malmö. This international conference, open to all, will take place over two days. A number of private players will also The first day will start in Malmö and be involved in the event, in particular finish with a gala dinner in Copen- international commercial property hagen, while the second day will be agents and companies specializing entirely in Copenhagen. in property investment and project development. Among the speakers The event is expected to attract at the event is the lord mayors of hundreds of participants and is pep- Copenhagen and Malmö, several pered with a number of VIP events decision makers and interesting which are guaranteed to make it professional profiles. n interesting for international investors By Kamilla Sevel to learn more about the region and actually see where to invest. FACTS - Right now, a lot is happening on The Copenhagen Malmö Annual Property Summit is a the Copenhagen and Malmö property collaboration between the cities of Copenhagen and Malmö, scenes. This event will serve as a Invest in Skåne, Copenhagen Capacity and Estate Media. window into our region’s potential Estate Media is responsible for organizing the actual confe- for property investment and project rence which is geared towards the entire property sector. development, says Anne Skovbro, director in the City of Copenhagen. Learn more at www.cmps.dk

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Stockholm Ørestad region Oslo

The Copenhagen - Malmö region is will open in the area and light rail will currently the greatest growth-magnet by connect the area with the motorway and far in Denmark. More than 1,000 people downtown Odense. move to Copenhagen monthly, creating a

huge demand for housing. Other places Scandinavian Cortex Park will cover a Göteborg in Denmark are also benefitting from total of 310 hectares. Approximately

public and private investment. 200,000 sq m of multi-story space is Aalborg for sale. Most of this is intended for This is especially true for the country’s business purposes but in time some will

biggest cities outside of Copenhagen: be opened up for housing. The area is Aarhus Aarhus, Odense and Aalborg. Aarhus, owned by Freja Ejendomme. Helsingborg Helsingør Denmark’s second largest city, is leading Lund Copenhagen with investment and construction activi- Odense is expecting these major invest- Odense ty in the € 10,000 billions over the next ments to kickstart a postive spiral of Malmø 5-10 years while Odense, located in the expansion which will boost growth and centre of Denmark, has lagged some- general welfare. what behind with lower growth rates than the other big provincial cities. Helsingør, north of Copenhagen, is But Odense is picking up the pace now. another Danish city where public invest- The city made it onto the international ment is hoping to create a new agenda. Hamborg property map in the spring of 2013 When the bridge between Copenhagen when a huge shopping centre became and Malmö opened, the city realized that Denmark’s biggest property deal. The it needed to get itself on the map. This Rosengaard Centre, as it is called, was has been achieved, in part, by working Berlin sold to the European retail giant ECE. closely with Helsingborg on the other SOURCE: AN INTERCONNECTED CITY 2035 – STRATEGY FOR HELSINGØR AND HELSINGBORG PARTNERSHIP Just like in other growth centres, expan- side of the strait, and, in part, by several Copenhagen-Malmö is growing rapidly. Several other cities sion in Odense is supported by public bodies allocating more than €150 million on either side of the strait are also currently the targets of investment. Over the next decade, € to cultural investments. large-scale investment intended to increase growth and develop 3.35 billion will be invested in develop- the region. ing Odense. Among the highlights are: The former dock of the city’s proud ship yard has been refurbished into a new - Light rail running between the new cultural centre, the UNESCO-listed Kron- development area Scandinavian Cortex borg Slot has had its ravelins restored environment, climate, business and the Park and the Odense city center; and most recently the all-new interna- work force. In Helsingør, north of Copenhagen, Museet for Søfart (the Maritime Museum of Denmark) is one of many new investments making the Oresund Region more and more - Newly redeveloped city center, with tional maritime museum M/S Museet attractive. The museum was designed by the internationally renowned architect firm BIG which has also been nominated for a MIPIM Award, and was built under commercial, residential, and recreational for Søfart was awarded the Building - Culture helps create links between ground around the old dry dock. Nothing is allowed to block the view of the world-famous castle Kronborg Slot (in the background), which has been on UNESCO’s world areas; of the Year 2014 prize in the Cultural education, business and tourism and heritage list since 2000. - Ongoing development of Scandinavian Architecture category. The museum was helps inhabitants better understand their Cortex Park, which is a new research designed by one of the fastest rising region. A region like this with its diverse and business park beside the city’s uni- Danish architect firms BIG, whose work and inclusive culture, vibrant cultural versity Syddansk Universitet (University also includes major projects in France facilities and cultural innovation needs to The world over, people are moving of Southern Denmark) and a number of and the US. be branded, in the words of the develop- into cities. Denmark is no excep- innovative environments. ment master plan. Major growth - It is an amazing pat on the shoulder tion. Population growth is biggest The City of Odense and Oxford Research for the building which with BIG’s bold The goal is to develop the Oresund have calculated that the Scandinavian architecture has succeeded in attracting Region. All in all, the growth plans for in Copenhagen, but several other Cortex Park will create 6,000 new jobs international attention. It was our hope the region and the rest of Denmark are in several and act as an epicentre for Odense from the beginning that the museum impressive. cities are experiencing growth technological clusters. The city itself would become an international attrac- is investing €55 million in business tion, and this award supports that, says - Helsingør and Helsingborg will be sparked by investment in hospi- development over the next four years. Camilla Mordhorst, CEO of M/S Museet working together to create growth and Danish cities Not least to promote a robot and health for Søfart. thereby also a comprehensive Circle City tals, infrastructure, housing and tech cluster, which is already a growing Line in the Oresund Region via several business. industry in Odense. Culture is one of the pillars in the efforts on different levels. > development strategy of the region. In 2021, a new university hospital Others include urban development, the

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n Outside of Copenhagen

Odense is the third largest city in Den- mark, with a population of 190,000. It is centrally located in the middle of Denmark, just one hour from Copenhagen, and only three hours from Hamburg in Germany. The new development area Scandinavian Cortex park covers 3.1 square kilometers in southwest Odense. It is located at the crossroads of future research, education, private companies and public institutions.

The new Odense University Hospital and the C.F. MØLLER University of Southern Denmark are two of the local Partners.

However, the key to achieving this is pean growth area with almost 4 million active Partners in the development of the a fixed link between Helsingør and inhabitants. Copenhagen is the region’s Oresund Region, says Peter Danielsson, Helsingborg with well-functioning land metropolis with its population of roughly mayor of Helsingborg. n access points. The work will be conducted 700,000 followed by Malmö. Helsingborg through lobbying and advocacy. has 131,000 inhabitants and Helsingør a BY Kamilla Sevel - The Oresund Region is a Northern Euro- population of 62,000. Together, we are all

Building a bridge into the Scandinavian

Going places? Real Estate Markets

Meet us at MIPIM Are you planning your next big venture? Kenneth Hofman +45 25 29 30 22 Jakob Eriksen +45 25 29 67 11 Team up with someone who knows the real estate and construction market inside out. Lars Rasmussen +45 25 29 67 17 Team up with us.

www.bruunhjejle.com kpmg.dk

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Innovation n For Microsoft, its new Kanalvej domicile in Lyngby, close to DTU, Technical University of Denmark, and 13 km from Copenhagen’s town hall square, is part of an overarching vision to create the workplace of the future where employees are supported in their diverse ways of thinking, working and collaborating by way of a flexible interior design with the latest technology. The City of Knowledge and Urban Develop- ment has been a decisive factor in Microsoft’s decision to gather its activities and employees from its two other companies in Den- mark at the Kanalvej location in Lyngby. The building is expected The Lyngby-Taarbæk City of Knowledge and Urban Development is a unique to be completed in 2016, and, will business promotion initiative which sees not only the municipality but also private contain, in addition to Microsoft companies, DTU and housing associations working together towards the common with its roughly 1,000 jobs, 300- goal of transforming Lyngby-Taarbæk into a knowledge and university city. “This 400 housing units. has some people saying this resembles something one might see in Jutland. We take this as a compliment,” says Caroline Arends, CEO of City of Knowledge & Urban Development in Lyngby, referring to the commitment that is needed to attract ILL.ILL. :HENNING :HENNINGLARSEN ARCHITECTS LARSEN ARCHITECTS investment to areas outside of central Copenhagen—something that several cities in Jutland have succeeded in doing.

Lyngby, just north of central Copen- the DTU campus, and which consists of - But one of its main strengths is hagen, is the location of the Technical a 190,000 sq m site earmarked for – that innovation across the borders of University of Denmark, DTU, and one among other things - business develop- research, education, business and the of the biggest concentrations of retail ment, says CEO Caroline Arends, City city authorities is beneficial to urban and business activity on the outskirts of of Knowledge & Urban Development in development. We are building a unique 190,000 sq m Copenhagen. Lyngby is also a high-end Lyngby. Partnership across sectors which can residential area with villas housing serve as a model for other cities striving many of the decision-makers of the Caroline Arends is the CEO of a unique for growth and looking to create a new Danish business community. The city is Partnership, which aims to position kind of flourishing knowledge and uni- development wide awake and ready to welcome new Lyngby-Taarbæk as a university city that versity city. I see Lyngby as the place for development. inspires investment and growth, and knowledge-based companies to locate in paves the way for an urban develop- order to ensure proximity to DTU and its The Danish institutional investor Danica ment. When DTU and the city's many fantastic pool of students and research- potential north Ejendomme is currently building a €180 other educational institutions, private ers. million new property including a domicile business, retail, housing associations and for Microsoft. The development is known engaged residents work together, they In addition to Caroline Arends, several as the Kanalvej Project which will also have discovered, that they can ensure a members of the board such as Claus of Copenhagen contain shops, housing for researchers powerful transformation of the city-one Nielsen, the Executive Vice President of visiting DTU and much more. that includes all parties. DTU, Peter Mering, the Property Director of Danica Ejendomme, Deputy Mayor of - The current transformation of the mu- - Of course, the focus is to support the Lyngby-Taarbæk Simon Pihl Sørensen The Technical University of Denmark, DTU, is located 13 km nicipality is very impressive – one reason vision of a knowledge and university city and CEO Bjarne Holm Markussen, from Copenhagen’s town hall square, Rådhuspladsen, and at why Lyngby-Taarbæk will be taking and attract knowledge-based companies Lyngby-Taarbæk, will represent the City part in the world’s biggest property fair and organizations which will be located of Knowlegde and Urban Development the centre of an area bustling with growth and development. MIPIM. We will showcase the Kanalvej in direct vicinity of a leading research at MIPIM.n Project and other current projects as university – DTU, says Caroline Arends. Right now, billions are being funneled into domiciles—one of well as a new development along the BY Kamilla Sevel motorway between Copenhagen and It is a given that the business and educa- these is Microsoft’s. Elsinore (Helsingør), which runs along tion sectors are mutually beneficial.

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SPM_2014_SAMLET_TIL_TRYK_korr.indd 54 20/02/14 14.30 SPM_2014_SAMLET_TIL_TRYK_korr.indd 55 20/02/14 14.30 n News News n Nearly €4 billion to upgrade Danish railway

Agreements promise almost €4 billion to historic revitalization of Danish railway PHOTO: DSB/RENEÉ STRANDBYGAARD

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Aalborg In the future, a maximum of 1 hour by rail will separate Denmark’s major cities. This was determined when the Danish government entered an important agree- ment to transform most of the Danish

railway system into electric lines. Herning Aarhus Modern, climate-friendly electric trains will take no more than an hour to con- nect Esbjerg and Odense, Aalborg and Esbjerg Aarhus, Aarhus and Odense and Odense København and the Danish capital Copenhagen. This

strategy of the future has been dubbed ILLUSTRATION: ESTATEMEDIA Odense the Hour Model.

The effects of the highspeed connections between cities will benefit the entire country, even passengers who are not travelling between major cities, thanks According to premises of the Hour Plan, travel between Denmark's major cities must take no to a smarter organization of train sche- more than an hour. This will bring the country closer together and be a powerful springboard dules with prioritized trains and shorter for future growth. transfer times to Hour Model trains. The agreement includes building an all Funen; The agreement will result in highspeed new railway line to Billund and investing • A new €575 million bridge over Vejle upgrades to many regional lines which in an extra track and increased capacity Fjord; will benefit Danes living outside the big in Northern Jutland between Herning and • A new €450 million central train sta- city areas and strengthen the huge tra- Holstebro and at Ny Ellebjerg station. tion in Aarhus; vel time wins that the new Hour Model • Upgrading the existing lines from trains will bring about. - We are making much faster trains for all Fredericia to Vejle, Vejle to Horsens to of Denmark. The Hour Model’s super hig- Copenhagen Central Station, as well The Danish government has recently been shuffled but before she hspeed train will bring the biggest Danish as around Aarhus Central Station for € left, Minister of Transport Pia Olsen Dyhr managed to present the cities closer together and we are upgrading 130 million; Hour Plan - a scheme which promises to increase infrastructure a number of regional lines so trains can • Upgrading the existing line from Aar- efficiency across Denmark. travel faster between, say, Aalborg and hus to Hobro for € 125 million. Frederikshavn and Holbaek and Kalund- borg, says minister of infrastructure Pia The parties agree to allocate €1.2 billion Olsen Dyhr. to electrify most of the Danish railway network. Today, only part of the network What’s more, the railway will be greener. is electric. The Train Fund will ensure that the following stretches are electri- - Concretely speaking, the agreement will fied by the mid 2020s: result in a 220,000 tonne annual reduction Developing property of CO2 emissions because, in the future, • Fredericia – Aalborg 2021-2023 only fast, modern, electric trains will be • Aalborg – Frederikshavn 2023-2025 found throughout Denmark. The agreement • Vejle – Struer 2024-2026 and partnerships is also creating jobs. During the build pha- • Roskilde – Kalundborg 2022-2024 se, this project will increase employment in the construction sector and related service Electrifying the railway lines will bring jobs in Denmark. Just electrifying the Denmark a step closer to reaching its railway lines and building the Hour Model goal of making the railway independ- Visit mth.com/project-development will create a need for about 20,000 FTEs. ant of fossile fuels and increasing the Building the Hour Model will cost about €2 share of sustainable energy used. The billion. electrification will also make it possible to limit train purchases to standardized, The investments include: highspeed, modern, electric trains. n • A new, €650 million track over western BY Kamilla Sevel

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nInvestors Investors n

Denmark’s best-known department store sold One of Denmark’s biggest institutional investors has bought up several prestigious properties

All employees in Denmark are required one of Copenhagen’s most prestigious to pay a small amount of money to a properties with the well-known depart- joint pension fund called ATP. This adds ment store “Magasin” situated on Kgs. up to a huge amount of capital to invest Nytorv. For this purchase, ATP Ejendom- and the pension giant’s property arm me joined forces with another pension ATP Ejendomme has been on quite the giant PensionDanmark. Magasin is the spending spree in Denmark. Copenhagen equivalent of Stockholm’s NK, Galeries Lafayette in Paris or Spain’s In 2013, ATP Ejendomme bought € 560 El Corte Inglese. million worth of property in Denmark, increasing the value of their Danish These are excellent purchases on a portfolio to € 2.5 billion, as well as the market where the scramble for core value of their property portfolio abroad properties is an intense battle. Interna- to € 2 billion. In Denmark, the company tional and Danish funds and property targets offices and shops including companies alike are interested in buying parking facilities in the Greater Copen- into Copenhagen. hagen and Greater Aarhus areas as well as a selection of development projects. - But our real advantage is when it comes to very big core properties. Of One of these recent purchases is the € course, a property worth more than €15 250 million domicile of Dong Energy million is a big property but when you in Gentofte north of Copenhagen, and can put a bid in for a property worth >

- Demand for core properties is huge and investors who use financing can reap the benefits of cheap mortgage loans in Denmark. This makes it possible for them to improve their bids, says CEO Michael Nielsen of ATP Ejendomme, which is one of the biggest institutional investors in Denmark. PHOTO: LIZETTE KABRÉ LIZETTE PHOTO:

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SPM_2014_SAMLET_TIL_TRYK_korr.indd 60 20/02/14 14.30 SPM_2014_SAMLET_TIL_TRYK_korr.indd 61 20/02/14 14.30 PHOTO: PENSIONDANMARK. PHOTO: PENSIONDANMARK. We Create arCHIteCtUre n Indblik BUILt ON eXPerIeNCe, INsIGHt aNd CreatIVItY

LIVING I Århusgade, Copenhagen

The department store Magasin has existed in this building since 1870. In Magasin is Denmark’s biggest the beginning, the Hotel du Nord shared the space with the retail element. The department store original building on the site dates back to 1677 but has been developed and On January 6, ATP Ejendomme and PensionDanmark tely € 2,7 billion, and operates, including Magasin in renovated over the years, most recently announced that they had taken over the historic buil- Denmark, 172 department stores, most of which are in 1968 when the building was enlarged dings that house the department store Magasin, located located in Great Britain and Ireland. There are 6 Maga- at Kongens Nytorv in Copenhagen. The two companies sin locations in Denmark: 4 in Greater Copenhagen, 1 in to include the department store entrance LIVING I Krimsvej, Copenhagen LIVING I Køge Kyst towards Bremerholm and Magasin Torv, both own a 50 per cent share. Aarhus and 1 in Odense. that is known today. The seller is Solstra Investments. The current main ATP Ejendomme will be in charge of managing the People, dialogue and insight comes first ... tenant is Magasin, part of the Debenhams concern property just as they are responsible for the other 3 – innovation and creativity follow naturally. which is a listed company in the UK. For the fiscal year Magasin properties At Årstiderne Arkitekter we listen in order to understand and to create 2012/13, Debenhams reported sales of approxima- sustainable, innovative solutions. Good architecture is a matter of experience > and understanding people and their individual needs. PAGE 62 | SCANDINAVIAN PROPERTY MAGAZINE | # 01 2014 >> EXPERIENCE OUR ARCHITECTURE at aarstIderNe.dk

SPM_2014_SAMLET_TIL_TRYK_korr.indd 62 20/02/14 14.30 14863-AA_Ann_MIPIM.inddSPM_2014_SAMLET_TIL_TRYK_korr.indd 1 63 12/02/1420/02/14 12.5714.30 n Indblik PHOTO: ESTATEMEDIA A picture speaks a thousand .....

ATP Ejendomme and PensionDanmark already own the three Magasin buildings in Lyngby, Odense and in the second largest city in Denmark, Aarhus, respectively.

more than €100 million, you won’t have The Dong property, on the other hand, Rents stay firm in Copenhagen the same kind of competition, says CEO was the result of a bidding process. Not far from Langeline, ATP Ejendomme, Michael Nielsen, ATP Ejendomme. PensionDanmark and public developer - Obviously, I don’t know why our bid CPH Port & City Development own what ATP Ejendomme still requires 5-6 per- won—several parameters are possible— is known as the UN City at Marmormo- cent yields from its investments. but the price was probably a big part of len, (The former Marble Pier). Part of the it. I assume that we presented the best joint ownership also includes the devel- - We need to work with a risk premium, offer. opment project LM Project. However, e.g. in the case of property illiquidity. unlike Pakhuset, the start of this project Unlike bonds, when it comes to property, ATP Ejendomme has chosen to have is not imminent. a tenant can move out or go bankrupt. in-house resources to follow the port- It just so happens that due to excellent When you buy property to keep it, you folio. With vacancy rates of only 5 per development potential and good lot have to constantly take into account its cent in a market with 10, the strategy purchases, rents in the Copenhagen mar- re-letting potential. has proven its worth. The company also ket are stable. On the other hand, this invests outside of core properties. makes it difficult for expensive projects A host of good offers that were planned during the economic ATP Ejendomme finds properties in more - We are not 100 per cent followers of upswing. ways than one. the ”core” bandwagon—5-10 percent of the budget has been allocated to higher - It is possible that Copenhagen wants - We get offered a lot of properties risk investments. that sort of project but if the market isn’t because the market knows that we ready for it, and rents for prime office have money. As for Magasin, we were a One that falls in this category is Pak- space stay firm at max. €260 per sq m, it natural choice for the former owner, the huset, a property on the world-famous doesn’t work to build a building that can private equity investment firm Solstra Langelinie Wharf in Copenhagen, home only be sustained financially with rents Capital, because we bought 3 other of The Little Mermaid. of say €480. We haven’t established the properties leased by Magasin in other rents at LM Project yet, but, obviously, Danish towns back in 2010. At the time, - Our reasoning behind initiating the investment has to make sense, says they weren’t willing to sell the one at Pakhuset was that Langelinie has been Michael Nielsen about the prospects of Kgs. Nytorv in downtown Copenhagen. there for a long time and won’t be going developing in Copenhagen right now. n They are now, and it is a good portfolio anywhere. If the risk in the investment is fit which works well with the set-up we properly priced, we are ready to take it, BY Kamilla Sevel have with PensionDanmark. says Michael Nielsen.

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n Urban development Urban development n PHOTO: ØRESUNDS NEWS

Danish-Swedish metro would relieve traffic on the Øresund Bridge

An Øresund metro would reduce travel time between the Swedish city of Malmö and Copenhagen, the Danish capital, to 15 minutes.

An Øresund metro between Copenhagen tween Copenhagen and Malmö to 15-20 The determining factor is financing. A and Malmö could be tomorrow’s solution minutes – making the trip from Malmö to tunnel railway line between Malmö and to improving infrastructure links over Copenhagen Airport faster which, in turn, Copenhagen is expected to cost €2.5-3.5 Øresund, the strait between Sweden and would make the Øresund Region an even billion. The next step in the process is for Denmark even further. This was one of more attractive location for companies’ Copenhagen and Malmö to officially decide the conclusions reached in a report on regional and Nordic headquarters. to apply for funding for a new EU project. establishing a metro line to run parallel with the Øresund Bridge, presented by The Øresund Bridge opened in 2000. Today, approximately 30,000 passengers the cities of Copenhagen and Malmö, in Since 2003, more than 50 companies take the Øresund Train daily. Forecasts December 2013. have moved their head offices to Malmö, show this figure reaching 54,000 in 2030. according to statistics from the City of If the Øresund Metro becomes a reality Behind these considerations is the reality Malmö’s business office. Often these are with reduced travel times and increased that, today, the Øresund Bridge is close companies from Skåne, interested in loca- departures, passenger numbers are expec- to capacity. In the future, more freight ting their management closer to Copen- ted to increase to 70,000 daily. trains and possibly highspeed trains are hagen –one of these is the furniture giant anticipated; and the land link, currently IKEA which will open its global domicile in Consequently, the municipal governments under construction, between Denmark and Malmö, in 2015. By 2015, these new do- of Copenhagen and Malmö are eager Germany will also make heavier traffic a miciles, including IKEA’s, will have created to establish a long-term plan to ensure Copenhagen and Malmö are currently linked by a regional train, but a metro may be in the future. This would create an even closer possibility. 3,200 new jobs in Malmö, according to that the region is able to reach its full n connection between the two cities and make it attractive for international headquarters to locate in the region. Here is a proposal for figures from the Øresund Institute. potential. where the new Øresund metro could run. A metro would lower the travel time be- By Lotte Lund

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n Copenhagen Capacity

An open window for international investors

Copenhagen Capacity takes international investors by the hand when they come to Copenhagen. In fact, Copenhagen Capacity takes such good care of them that it has been named the world’s most innovative investment promotion agency. PHOTO: COLOURBOX PHOTO:

In a global study, FDi Intelligence, part new areas and efforts that directly to remain strong in the face of tough capital for property projects. Private development segments. - Now is a good time: Compared to its international counterparts, of the Financial Times concern, ranked strengthen the region’s competitive edge international competition for new invest- players like developers are looking for Denmark and the region offer excellent conditions. Recent years' Copenhagen Capacity the most innova- and growth potential, and develop these ments and jobs, says Frank Jensen. more risk-willing capital to complement - When promoting Copenhagen, we are financial unrest has created a window of opportunity. Right now tive investment promotion organiza- with the relevant Partners. banks and pension funds and to put into met with certain challenges. These are the market is attractive for international property investors, says tion in the world, ahead of 54 other Now Copenhagen Capacity is taking it up more speculative/visionary/long-term what we are trying to address now. The Director Kim Bek, Copenhagen Capacity. Copenhagen Capacity can contenders. It’s Copenhagen Capacity’s This tight and strong collaboration a notch by attracting more international projects, says Director Kim Bek, Copenha- Copenhagen metropolis region is relati- be reached at www.copcap.com or at the Danish MIPIM stand no innovative approach to promoting the between the regions is something that is investment to the region’s property and gen Capacity. vely unknown in a property context but 19.14. The organization will also be participating in the Copenhagen Danish national capital region via its also stressed by the Mayor of Copenha- development market and by giving its there are many reasons for this to chan- Malmø Annual Property Summit, April 28th-29th in Copenhagen. collaboration with the 15 municipalities gen and vice-president of Copenhagen numerous development areas attention The vision is to create a Greater Copen- ge, e.g. the Danish mortgage loan system surrounding the capital that sealed the Capacity, Frank Jensen, for whom the from international investors by way of a hagen regional market for property offers easily accessed financing at a low deal. capital’s international competitiveness targeted and focused effort which investment which is comparable to the interest rate; and the region has many To achieve this, Copenhagen Capacity is remains a key issue. matches Danish players with interna- Swedish Stockholm market in terms of exciting development opportunities. This geared up to provide even more assistan- The SPI project is an example of Copen- tional investors and Partners. international investment and transparen- is why the targeted approach needs to be ce to international property investors in hagen Capacity’s business promotion - A good, close regional Partnership is cy—and thereby boost the growth and backed up by a broader branding of the the future. activities and goal to continually identify crucial if the national capital region is - The Copenhagen region needs more attractiveness of the property and urban property segment, says Kim Bek.

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SPM_2014_SAMLET_TIL_TRYK_korr.indd 68 20/02/14 14.30 SPM_2014_SAMLET_TIL_TRYK_korr.indd 69 20/02/14 14.30 BUSINESS GUIDE

AUDITING AND ADVISORY BUILDING SAFETY ARCHITECTS Keystone Investment Management A/S Havnegade 39. 1058 København K Ankjær-Jensen Statsautoriseret Dahmlos Security SIGNAL arkitekter aps Tel.: 33 29 99 60 Revisorer A/S Hammershusvej 58, 4.th, 8210 Aarhus V Århusgade 88, 2.sal , 2100 København Ø Contact: Morten Schultz, Partner Århusgade 88, 2, 2100 København Ø Tel.: 23 31 80 70 Tel.: 35 29 30 70 Email: [email protected] Tel.: 42 14 19 00 Contact: Jakob Dahmlos, CEO Contact: Gitte Andersen, CEO Web: www.keystoneim.dk Contact: Connie Søborg Hansen, State Authorised Public Accountant, Email: [email protected] Email: [email protected] Partner Web: www.dahmlos-security.eu Web: www.signal-arki.dk Email: [email protected] Kristensen Properties A/S Web: www.aj-as.dk COMMERCIAL REAL ESTATE ADVISORY Vesterbro 18, 9000 Aalborg aarhus arkitekterne a/s Tel.: 70 22 88 80 CBRE A/S Europaplads 16, 8100 Aarhus C Contact: Michael Schmidt, Director Asset Management Athos Statsautoriseret Rued Langgaards Vej 6-8, 2300 København S Tel.: 87 31 68 05 Email: [email protected] Revisionsaktieselskab Tel.: 70 22 96 01 Contact: Tommy Falch, Partner Web: www.kristensenproperties.com Nimbusparken 24, 2.sal, 2000 Frederiksberg C Contact: Niels Cederholm, Managing Director, MRICS, LL.M Email: [email protected] Tel.: 33 45 10 00 Email: [email protected] Web: www.aa-a.dk Contact: Ramazan Turan, State-Authorized Public Accountant Web: www.cbre.dk Valad Property Group Email: [email protected] Islands Brygge 43, 2300 København S Web: www.athos.dk Årstiderne Arkitekter A/S Tel.: 70 20 54 10 Colliers International Danmark A/S Ravnsborg Tværgade 5c, 3. sal, 2200 København N Contact: Mikael Arne Fogemann, Head of Nordic Tel.: 70 24 21 00 Gammel Kongevej 60, 1850 Frederiksberg C Email: [email protected] Beierholm Tel.: 70 23 00 20 Contact: Mikkel Westfall, Partner Web: www.valad.dk Gribskovvej 2, 2100 København Ø Email: [email protected] Contact: Peter Lassen, CEO Tel.: 39 16 63 83 Email: [email protected] Web: www.aarstiderne.dk ASSOCIATIONS AND ORGANISATIONS Contact: John Jensen, Partner, State-Authorized Public Accountant Web: www.colliers.dk Email: [email protected] Byggesocietetet ASSET MANAGEMENT Web: www.beierholm.dk Nørre Voldgade 106, 1358 København K DAL Erhvervsmægler Tel.: 33 13 66 37 Aberdeen Asset Management Forbindelsesvej 12, 2100 København Ø E-mail: [email protected] Strandvejen 58, 2., 2900 Hellerup Deloitte Tel.: 70 30 05 55 Web: www.byggesocietetet.dk Tel.: 33 44 40 00 Weidekampsgade 6, 2300 København S Contact: Hans Dal Pedersen, Partner Contact: Eva Riedel, Head of Communications and Marketing Tel.: 36 10 20 30 Email: [email protected] Email: [email protected] Contact: Thomas Frommelt, Partner Dansk Byggeri Web: www.dal.dk Web: www.aberdeen-asset.dk Email: [email protected] Nørre Voldgade 106, 1358 København K Web: www.deloitte.com Tel.: 72 16 00 00 danbolig Erhverv E-mail: [email protected] BPT Asset Management A/S Johnny Hallas P/S Web: www.danskbyggeri.dk Aleksanterinkatu 19 A, P.O. Box 1081, KPMG Helsingørgade 41 A, 3400 Hillerød FI-00101 Helsinki, Finland Oswald Helmuths Vej 4, Postbox 250, Tel.: 70 22 85 95 Tel.: +358 44 999 8452 Ejendomsforeningen Danmark 2000 Frederiksberg Contact: Johnny Hallas, Partner Contact: Jenni Ripatt EJENDOMSFORENINGEN Tel.: 73 23 30 00 Nørre Voldgade 2, 1358 København K DANMARK Email: [email protected] Email: [email protected] Tel.: 33 12 03 30 Contact: Kenneth Hofman, Partner Web: www.danbolig.dk Web: www.bptam.com E-mail: [email protected] Email: [email protected] Web: www.ejendomsforeningen.dk Web: www.kpmg.dk DEAS Property Asset Management Dirch Passers Allé 76, 2000 Frederiksberg PwC Danish Association of Tel.: 70 30 20 20 Strandvejen 44, 2900 Hellerup Construction Clients Contact: Christian Melgaard, Managing Director Tel.: 39 45 39 45 Borgergade 111, 1300 København K Email: [email protected] Contact: Jesper Wiinholt, Partner Tel.: 70 20 00 71 Web: www.deas.dk Email: [email protected] Contact: Henrik L. Bang, Director, PhD Web: www.pwc.dk E-mail: [email protected] Web: www.bygherreforeningen.dk

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SPM_2014_SAMLET_TIL_TRYK_korr.indd 70 20/02/14 14.30 SPM_2014_SAMLET_TIL_TRYK_korr.indd 71 20/02/14 14.30 danbolig Erhverv København EDC Projekt Poul Erik Bech Metropol Erhverv I/S Wismann Property Consult A/S WPC A/S Dronningens Tværgade 26, 1302 København K Nørre Voldgade 19, 1358 København K Hasserisgade 38, 9000 Aalborg Åboulevard 1, st., 1635 København V Tel.: 70 22 85 95 Tel.: 33 30 10 00 Tel.: 72 31 20 00 Tel.: 40 88 19 98 Contact: Torben Lund, Partner Contact: Kenneth Nielsen, Project Manager Contact: Martin Risager, Partner Contact: Lars Wismann, CEO Email: [email protected] Email: [email protected] Email: [email protected] Email: [email protected] Web: danbolig.dk/Erhverv/FindDinMaegler/Butik/Kobenhavn/ Web: www.poulerikbech.dk Web: www.metropolerhverv.dk Web: www.wismann-as.dk

CONSULTING danbolig Projektsalg GaardeErhverv A/S Nybolig Erhverv Aarhus A/S Europaplads 2, 8000 Aarhus C Dronningens Tværgade 26, 1. sal, 1302 København K Frederiksborggade 18, 1360 København K ALECTIA A/S Tel.: 86 20 85 85 Tel.: 32 83 06 10 Tel.: 70 20 47 11 Teknikerbyen 34, 2830 Virum Contact: Erik Andresen, CEO Contact: Alice Lotinga, Partner Contact: Thor Heltborg, CEO Tel.: 88 19 10 00 Email: [email protected] Email: [email protected] Email: [email protected] Contact: Per Christensen, CEO Web: www. nyboligerhverv.dk/aarhus Web: www.danbolig.dk/Erhverv/FindDinMaegler/Butik/projektsalg-ko- Web: www.gaarde.dk Email: [email protected] benhavn/ Web: www.alectia.com Jytte Bille Erhverv ApS Nybolig Erhverv København A/S Vester Farimagsgade7, 3. sal, 1606 København V DEAS Erhverv Tel.: 20 28 22 55 Balslev A/S Tel.: 33 64 65 00 Dirch Passers Allé 76, 2000 Frederiksberg Contact: Jytte Bille, Partner Produktionsvej 2, 2600 Glostrup Contact: John Lindgaard, Chief Executive & Partner Tel.: 70 30 20 20 Email: [email protected] Tel.: 72 17 72 17 Email: [email protected] Contact: Claus Dyrberg Hald, Director, commercial property Web: www.jyttebille-erhverv.dk. Contact: Lasse Toft, Area Manager Web: www. nyboligerhverv.dk Email: [email protected] Email: [email protected] Web: www.deaserhverv.dk Web: www.balslev.dk La Cour & Lykke La Cour & Lykke Nørre Voldgade 19, 1358 København K Oline Islands Brygge 43, 2300 København S DN Erhverv A/S Tel.: 33 30 10 50 COWI A/S Tel.: 40 89 64 30 Strandvejen 60, 5., 1.sal, 2900 Hellerup Contact: Kristian Hartmann, Sales Manager Parallelvej 2, 2800 Kgs. Lyngby Contact: Jesper Storm Hansen, CEO Tel.: 70 26 82 62 Email: [email protected] Tel.: 45 97 22 11 Email: [email protected] Contact: Thomas Ruhoff, Partner Web: www.ll.dk Contact: Steffen Gøth, Senior Vice President Web: www.oline.dk Email: [email protected] Email: [email protected] Web: www.dn-erhverv.dk Web: www.cowi.dk Lintrup & Norgart A/S Århusgade 88, 2100 København Ø RED Property Advisers DTZ Egeskov & Lindquist A/S Tel.: 70 23 63 30 Grontmij A/S Amaliegade 3, 5. sal, 1256 København K Silkegade 8, 1113 København K Contact: Stig Lintrup, Partner Granskoven 8, 2600 Glostrup Tel.: 33 13 13 99 Tel.: 33 14 50 70 Email: [email protected] Tel.: 43 48 46 05 Contact: Bjarne Jensen, Partner, MRICS Contact: Henrik Lyngskjold, Senior Director, Senior Partner Web: www.linor.dk Contact: Lars Bork Hansen, Manager Email: [email protected] Email: [email protected] Email: [email protected] Web: www.red.dk Web: www.dtz.dk Web: www.grontmij.dk Lokalebasen.dk A/S Strandvejen 171, 2900 Hellerup Thorkild Kristensen Home Erhvervscenter Tel.: 70 20 08 14 Rambøll Danmark A/S Hasserisvej 143, 9000 Aalborg København A/S Contact: Clarissa Rottbøl, Manager Hannemanns Allé 53, 2300 København S Tel.: 96 31 60 00 Frederiksberggade 1, postboks 1108, 1009 københavn K Email: [email protected] Tel.: 51 61 10 00 Contact: Peter Fredberg, Partner Tel.: 33 73 04 04 Web: www.lokalebasen.dk Contact: Max Karlsson, Manager Email: [email protected] Contact: Michael Lind Olesen, CEO Email: [email protected] Web: www.thorkild-kristensen.dk Email: [email protected] Web: www.ramboll.dk Lund & Lindhardt ApS Holmevej 10, 2950 Vedbæk Sadolin & Albæk EDC Erhverv Poul Erik Bech Tel.: 72 17 00 85 Palægade 2-4, 1261 København K Nørre Voldgade 19, 1358 København K Contact: Regitze Lund, Partner Tel.: 70 11 66 55 Tel.: 33 30 10 00 Helle Lindhardt, Partner Contact: Peter Winther, CEO Contact: Robert Neble Larsen, CEO Email: [email protected] Email: [email protected] Email: [email protected] Web: www.lundlindhardt.dk Web: www.poulerikbech.dk/erhverv Web: www.sadolin-albaek.dk

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SPM_2014_SAMLET_TIL_TRYK_korr.indd 72 20/02/14 14.30 SPM_2014_SAMLET_TIL_TRYK_korr.indd 73 20/02/14 14.30 CONTRACTING Grontmij A/S Jeudan ServicePartner A/S NCC Construction Danmark A/S Granskoven 8, 2600 Glostrup Din radiatormålerValhøjs Allé 158, 2610 Rødovre “taler” til dig Østmarken 3B, 2860 Søborg Tel.: 43 48 60 30 Tel.: 70 10 60 70 C.C. Brun Entreprise A/S - derfor kan du nemt og billigt energioptimere dine Tel.: 39 10 39 10 Contact: Lone Ankjær, Head of Department Contact: Peter Spøer, CEO Ravnstrupvej 67, 4160 Herlufmagle ejendomme, dermed spares CO2 Tel.: 57 64 64 64 Email: [email protected] Email: [email protected] Email: [email protected] Contact: Kristian Lind, CEO Web: www.ncc.dk Web: www.grontmij.dk Web: www.jeudan.dk Email: [email protected] • Intelligente fordelingsmålere er forberedt til energi-

Web: www.ccbrun.dk optimering - adapterm Preben Hockerup A/S Promana Bygningsrådgivning Green Circle A/S Finlandsgade 15, 4690 Haslev Kobbervej 8, 2730 Herlev Kirkebjerg Alle 90, 2605 Brøndby • Sammen med vore kunder, har vi siden 2007, sparet miljøet for over 3.000.000 kg CO2 Enemærke & Petersen A/S Tel.: 56313089 / 25192619 Tel.: 70 20 05 80 Tel.: 46 34 20 99 Ole Hansens Vej 1, 4100 Ringsted Contact: Henrik Hockerup Keller, Manager Contact: Lars Gissing, Manager Contact: Erik Jensen, CEO • Bliv energirigtig - start med vore radiobaserede Tel.: 57 61 72 72 Email: [email protected] Email: [email protected] Email: [email protected] fordelingsmålere - kontakt vor landsdækkende Contact: Søren Faebo Larsen, Director Web: www.preben-hockerup.dk Web: www.promana.dk Web: www.greencircle.dk service på tlf.: 87 44 77 00 Email: [email protected] Web: www.eogp.dk DESIGN Sandbeck A/S Techem Danmark A/S locus lab aps Christian II’s Allé 19, 2300 København S Trindsøvej 7A-B, 8000 Aarhus Ryesgade 19a, 4.sal , 2200 København N Focus på ressourcer H. Nielsen & søn as Tel.: 70 23 50 80 Tel.: 87 44 77 00 Tel.: 22 22 02 50 Lillemarken 4, 4700 Næstved Contact: Chico Sandbeck, CEO Contact: Per Sahl-Madsen, Sales Manager Contact: Merete Breaa, Partner Tel.: 55 72 50 27 Email: [email protected] www.techem.dk Email: [email protected] løsninger til fordel for de kommende generationer Email: [email protected] Contact: Bent Hartmann, CEO Web: www.sandbeck.com Web: www.techem.dk Web: www.locuslab.dk Vi ønsker alle vore forretningsforbindelser en Glædelig Jul og et Godt Nytår Email: [email protected] FACILITY MANAGEMENT PROVIDERS Web: www.hns-as.dk Ny annonce 2009 220x140 indryk dec..indd 1 FINANCIAL ADVISORY 24-11-2009 08:02:00 DEVELOPER ADVISORS Coor Service Management A/S Breinholt Consulting A/S Bregnerødvej 133D, 3460 Birkerød H.K. Byg Entreprise A/S BYR GRUPPEN A/S Vendersgade 4, 1. sal, 1363 København K Tel.: 60 29 88 39 Stamholmen 157, stuen, 2650 Hvidovre Vermlandsgade 51 2. sal Tel.: 36 30 80 89 Contact: Torben Jarlholm-Jensen, Technical Manager Tel.: 32 51 18 20 2300 København S Contact: Helle M. Breinholt, Managing Director Email: [email protected] Contact: Jens Skovlunde, Partner Tel.: 70 26 22 42 Email: [email protected] Web: www.coor.dk Email: [email protected] Contact: Rasmus Storgaard, CEO Web: www.breinholt-consulting.dk Web: www.hk-bygentreprise.dk Email: [email protected] Web: www.BYR.dk DEAS Facility Services MagniPartners Dirch Passers Allé 76, 2000 Frederiksberg HHM A/S Dr. Tværgade 4A, 1302 København K Tel.: 70 30 20 20 Bragesvej 4, 3400 Hillerød Tel.: 24 82 98 74 Contact: John Rohde, Head of Facility Services Tel.: +45 22 70 70 11 DEAS Contact: Jens Erik Gravengaard, Partner Dirch Passers Allé 76, 2000 Frederiksberg Email: [email protected] Contact: Svend Pedersen, CEO Email: [email protected] Tel.: 70 30 20 20 Web: www.deas.dk Email: [email protected] Web: www.magniPartners.dk Contact: Kristian Kongstad, Head of Maintenance Web: www.hhm.dk and Development Department Ejendomsvirke A/S Email: [email protected] Situs Hirsemarken 3, 3520 Farum Web: www.deas.dk Kalvebod Brygge 39-41, 1560 København V Hoffmann A/S Tel.: 44 34 21 20 Tel.: 33 44 94 44 Fabriksparken 66, 2600 Glostrup Contact: Bent Amsinck, CEO Tel.: 43 29 90 00 Contact: Peter Lilja, Director Drees & Sommer Nordic A/S Email: [email protected] Contact: Torben Bjørk Nielsen, CEO Email: [email protected] Frederiksborggade 15, 8. sal Web: www.ejendomsvirke.dk Email: [email protected] Web: www.situs.com 1360 København K Web: www.hoffmann.dk Tel.: 45 26 90 00 ISS Facility Services A/S Contact: Peter Nielsen, Country Manager Møntmestervej 31, 2450 København V Email: [email protected] INTERN A/S Tel.: 38 17 17 17 Web: www.dreso.com Skovlytoften 2, 2840 Holte Contact: Thomas Høybye Henriksen, Area Manager Tel.: 45 41 23 00 Email: [email protected] Contact: Niels Henrik Rasmussen, CEO Web: www.dk.issworld.com Email: [email protected] Web: www.intern.dk

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SPM_2014_SAMLET_TIL_TRYK_korr.indd 74 20/02/14 14.30 SPM_2014_SAMLET_TIL_TRYK_korr.indd 75 20/02/14 14.30 FINANCING Kristensen Properties A/S Horten AdvokatPartnerselskab Bech-Bruun Vesterbro 18, 9000 Aalborg Philip Heymans Allé 7, 2900 Hellerup Langelinie Alle 35, 2100 København Ø Nordea Bank Denmark A/S Tel.: 70 22 88 80 Tel.: 33 34 40 00 Tel.: 72 27 35 67 - Corporate Banking Contact: Jakob Venø Schougaard, Director Contact: Michael Neumann, Attorney, Equity Partner Contact: Torben Schøn, Partner Vesterbrogade 8, 900 København Email: [email protected] Email: [email protected] Email: [email protected] Tel.: 33 33 15 23 Web: www.kristensenproperties.com Web: www.horten.dk Contact: Christian Jensen, Head of Corporate Banking Department – Real Web: www.bechbruun.com Estate Email: [email protected] LEA EjendomsPartner as Homann Advokater Bruun & Hjejle Web: www.nordea.dk/erhverv Kobbervej 8, 2730 Herlev Amagertorv 11, 1160 København K Nørregade 21, 1165 København K Tel.: 44 57 03 40 Tel.: 33 34 53 39 Tel.: 33 34 50 00 Contact: Bent Kandborg Kristensen, Director Contact: Gregers R. Lauridsen, Attorney PROPERTY MANAGEMENT Contact: Søren Damgaard, Partner Email: [email protected] Email: [email protected] Email: [email protected] Web: www.lea.dk Web: www.homannlaw.dk CEJ Ejendomsadministration A/S Web: www.bruunhjejle.dk Meldahlsgade 5, 1613 København V Tel.: 33 33 82 82 Salling Ejendomsadministration A/S DELACOUR Husen Advokater Contact: Anne Marie Oksen, CEO Prismet, Silkeborgvej 2, 8000 Aarhus C Åboulevarden 11, 8000 Aarhus C Havnegade 29, 1058 København K Email: [email protected] Gl. Kongevej 60, 1850 Frederiksberg C Tel.: 70 11 11 22 Tel.: 33 32 26 26 Web: www.cej.dk Tel.: 70 23 00 78 Contact: Jakob Nielsen, Partner Contact: Kristian Paaschburg, Partner Contact: Michael Salling, CEO Email: [email protected] Email: [email protected] Email: [email protected] Web: www.delacour.dk Web: www.husenadvokater.dk Colliers Ejendomsadministration A/S Web: www.sadm.dk Prismet, Silkeborgvej 2, 8000 Aarhus C Gl. Kongevej 60, 1850 Frederiksberg C LAND SURVEYING Danders & More Kirk Larsen & Ascanius Tel.: 70 23 00 78 Lautrupsgade 7, 2100 København Ø Tel.: 70 22 66 60 Contact: Michael Salling, CEO MØLBAK Landinspektører A/S Tel.: 33 12 95 12 Contact: Jacob Ladefoged, Partner, Attorney Email: [email protected] Ledreborg Allé 130A, 4000 Roskilde Contact: Tobias Vieth, Partner Email: [email protected] Web: www.ceadm.dk Tel.: 70 20 08 83 Email: [email protected] Web: www.kirklarsen.dk Contact: Lars Gjøg Petersen, Partner Web: www.dandersmore.com Dansk Administrations Center A/S Email: [email protected] Lund Elmer Sandager Web: www.molbak.dk Skovbrynet 10, 8000 Aarhus C AdvokatPartnerselskab Focus Advokater P/S Tel.: 87 34 03 66 Kalvebod Brygge 39-41 Englandsgade 25, 5100 Odense Contact: Michael Sommer, CEO 1560 København V Landinspektørfirmaet LE34 A/S Tel.: 63 14 20 20 Email: [email protected] Tel.: 33 30 02 00 Energivej 34, 2750 Ballerup Contact: Merete Vangsøe Simonsen, Partner Web: www.dacas.dk Contact: Steen Raagaard Andersen, Partner Tel.: 77 33 22 86 Email: [email protected] Email: [email protected] Contact: Lars Vognsen Christensen, Partner Web: www.focus-advokater.dk Web: www.lundelmersandager.dk DATEA Email: [email protected] Web: www.le34.dk Lyngby Hovedgade 4, 2800 Kgs. Lyngby Gangsted-Rasmussen Tel.: 45 26 01 02 Mazanti-Andersen Korsø Jensen Gammeltorv 6, 1457 København K & Partnere Contact: Flemming B. Engelhardt, CEO Landinspektørkontoret a/s Tel.: 33 14 70 70 Amaliegade 10, 1256 København K Email: [email protected] Helsingør – Gilleleje - København Contact: Christian Gangsted-Rasmussen, Partner Tel.: 33 14 35 36 Web: www.datea.dk Tel.: 49 22 09 86 Email: [email protected] Contact: Claus Høxbro, Partner Contact: Kristian Baatrup, Partner Web: www.gangsted.dk Bjarke Sanbeck, Partner Email: [email protected] DEAS Email: [email protected] Web: www.lspkon.dk Dirch Passers Allé 76, 2000 Frederiksberg Gorrissen Federspiel [email protected] Tel.: 39 46 60 35 H.C. Andersens Boulevard 12, 1553 København V Web: www.mazanti.dk LAWYERS Contact: Henrik Dahl Jeppesen, CEO Tel.: 33 41 41 41 Email: [email protected] Accura Contact: Merete Larsen, Partner Web: www.deas.dk Tuborg Boulevard 1, 2900 Hellerup Email: [email protected] Tel.: 39 45 28 00 Web: www.gorrissenfederspiel.com Web: www.accura.dk

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MAQS Law Firm PROPERTY INVESTMENT Jeudan A/S PROJEKT DEVELOPERS Pilestræde 58, 1112 København K Sankt Annæ Plads 13, 1250 København K Tel.: 33 12 45 22 Briggen Danmark A/S Tel.: 70 10 60 70 DEAS OPP Contact: Erik Larsson, Partner Roskildevej 22, 2625 Vallensbæk Contact: Morten Aagaard, Director Dirch Passers Allé 76, 2000 Frederiksberg Lars Pærregaard, Partner Tel.: 41 71 75 75 Email: [email protected] Tel.: 70 30 20 20 Email: [email protected] Contact: Jeanette Rosenberg, Manager Web: www.jeudan.dk Contact: Lars Olaf Larsen, Head of Facilities [email protected] Email: [email protected] Management/PPP Web: www.maqs.com Web: www.briggen.se/da/ Email: [email protected] Kristensen Properties A/S Web: www.deas.dk Vesterbro 18, 9000 Aalborg Nielsen og Thomsen Advokater C.W. Obel Ejendomme A/S Tel.: 70 22 88 80 Østbanegade 55, 2100 København Ø Vestergade 2C, 1456 København K Contact: Kent Hoeg Sørensen, CEO FB Gruppen Tel.: 33 33 94 94 Tel.: 35 44 70 20 Email: [email protected] Gungevej 2, 2650 Hvidovre Contact: Torben Black, CEO Contact: Allan Thomsen, Partner Web: www.kristensenproperties.com Tel.: 33 86 20 20 Email: [email protected] Email: [email protected] Contact: Hans-Bo Hyldig, CEO Web: www.cwobel-ejendomme.dk Web: www.ntadvokater.dk Email: [email protected] Nordea Ejendomme Web: www.fbgruppen.dk Ejby Industrivej 38, 2600 Glostrup NORDIA Advokatfirma Calum A/S Tel.: 43 33 80 00 Østergade 16, 1100 København K Vestre Havnepromenade 21, 9000 Aalborg Email: [email protected] Innovater A/S Tel.: 70 20 18 10 Tel.: 29 31 00 00 Web: www.nordea-ejendomsinvestering.dk Marselisborg Havnevej 56, 2., Contact: Søren Sloth, Partner Contact: Jakob Axel Nielsen, Director 8000 Aarhus C Email: [email protected] Email: [email protected] Tel.: 70 26 70 10 Web: www.nordialaw.com Web: www.calum.dk Nordicom A/S Email: [email protected] Svanevej 12, 2400 København NV Web: [email protected] Tel.: 33 33 93 03 Rønne & Lundgren Law Firm DADES Contact: Ole Steensbro, CEO Tuborg Havnevej 18, 2900 Hellerup Lyngby Hovedgade 4, 2800 Kgs. Lyngby Email: [email protected] Sandbeck A/S Tel.: 35 25 25 35 Tel.: 45 26 01 00 Web: www.nordicom.dk Christian II's Allé 19, 2300 København S Contact: Niels Gram-Hanssen, Attorney-at-Law, Partner Contact: Boris Nørgaard Kjeldsen, CEO Tel.: 70 23 50 80 Email: [email protected] Email: [email protected] Contact: Chico Sandbeck, CEO Web: www.ronnelundgren.com Web: www.dades.dk Norrporten Email: [email protected] Havneholmen 25, 1., 1561 København V Web: www.sandbeck.com Tel.: 42 14 48 66 Plesner Advokatfirma De Forenede Contact: Thomas Wenzell Olesen, Director Ejendomsselskaber A/S Email: [email protected] Amerika Plads 37, 2100 København Ø Vagner Gruppen/InvestorPartner Tel.: 33 12 11 33 Vestagervej 5, 2100 København Ø Web: www.norrporten.dk Bredevej 2C, 1.sal, 2830 Virum Contact: Peer Meisner, Partner Tel.: 39 29 56 56 Tel.: +45 70 25 55 70 Email: [email protected] Contact: Henrik Jensen, CEO MEDIA, ADVERTISING AND COMMUNICATION Contact: Kim Lang Sørensen, CEO Web: www.plesner.com Email: [email protected] Web: www.dfe.dk Kontraframe ApS Email: [email protected] Flæsketorvet 77-79 , 1711 København V Web: www.investorPartner.dk Vincit Advokater Tel.: 33 25 10 02 CapMan Real Estate Trondhjems Plads 3, 4., 2100 København Ø Contact: Tobias Wensien Dinesen, Partner REKRUTTERING Tel.: 70 26 02 64 Stureplan 13, 3fl, 114 87 Stockholm, Sweden Email: [email protected] Contact: Tina Grønning, Attorney Tel.: +46 8 445 1052 Web: www.kontraframe.dk Amalie Search & Selection ApS Email: [email protected] Contact: Torsten Bjerregaard, Senior Partner Chr. IX´s Gade 6, 3. sal, 1111 København K Web: www.vincitlaw.com Email: [email protected] Tel.: 33 34 30 30 Web: www.capman.com MAXGRUPPEN Contact: Torben Rønsov, Managing Partner Nøjsomhedsvej 31, baghuset, Email: [email protected] Winsløw Advokatfirma 2800 Kgs. Lyngby Web: www.amaliesearch.dk Gammel Strand 34, 1202 København K Freja ejendomme A/S Tel.: 70 27 77 28 Tel.: 33 32 10 33 Gl. Kongevej 60, 1850 Frederiksberg C Contact: Bastiaan Prakke, CEO Contact: Iben Mai Winsløw, Lawyer, Partner Tel.: 33 73 08 00 Email: [email protected]

Email: [email protected] Email: [email protected] Web: www.maxgruppen.dk Web: www.winlaw.dk Web: www.freja.biz

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n Xxxxxxxx Urban development n

Emporia is Scandinavia’s biggest shopping centre and also one of the world’s greenest. The centre is also a finalist for a MIPIM Award 2014. PHOTO: HYLLIE CENTRUM Hyllie attracts several investors because of the attractive location close to Malmö but also to Copenhagen Airport.

When, according to plan, the new Swe- Malmö’s vision their own through a Sweden. Emporia was designed by the ILLUSTRATION: EMPORIA ILLUSTRATION: collaboration agreement. Siemens will architect firm Gert Wingårdh and fea- be responsible for developing technical tures open facades with restaurants, lots applications to interact between buil- of artwork and fun areas to relax. On the dings and the local infrastructure. The roof is a public park with a view of down- technique falls under the concept Smart town Malmö and the Øresund Bridge. Grids. Hyllie is also the home of the Malmö dish district Hyllie is fully developed in Close to the station is the junction, Point Arena, a venue for sporting and cultural 2030, it will contain 9,000 homes and Hyllie. An award-winning complex de- events. The arena has the capacity for Hyllie – Malmö’s just as many jobs. The district’s energy signed by the Danish architect firm C.F. 15,500 spectators. The arena is also supply will be 100 per cent renewable by Møller. Currently, a new phase of Point the home of the Malmö Redhawks, the 2020 at the latest. Malmö’s vision is to Hyllie is under way. A 65 meter high local hockey team. On the international make Hyllie the Øresund Region’s climate Choice Hotel with 302 rooms, a large scene, the arena is known for hosting the climate smart district smart neighbourhood which will put conference area and a restaurant. The Eurovision Song Contest in 2013. Malmö on the global map when it comes hotel is expected to open in 2015. to urban development. Future Hyllie projects include IKEA’s new When you take the train over the Øresund Bridge, Hyllie is the first 2012 saw the inauguration of Emporia, global headquarters ’Hubhult’, which will To achieve these high ambitions, Malmö a Breeam-certified shopping centre create 800-1000 new jobs and attract stop on the Swedish side. A super modern, sustainable district and has entered a long-term agreement with which was nominated for one of this 600-1000 visitors a week. n Malmö’s biggest development zone, featuring, among other things, the energy company E.ON and Siemens. year’s prestigious MIPIM Awards. It is Scandinavia’s biggest centre and the new By Lotte Lund one of the world’s biggest shopping centres, Emporia. In practice, E.ON and Siemens will make shopping destination of all of southern

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SPM_2014_SAMLET_TIL_TRYK_korr.indd 80 20/02/14 14.30 SPM_2014_SAMLET_TIL_TRYK_korr.indd 81 20/02/14 14.30 HotCop2014 Intense development of winning region Content Useful links: Radisson Blu Royal Hotel 14th May SWEDEN More than 3.7 million inhabitants are www.kk.dk www.investinskane.com 1,000 new residents every month reachable within an hour's drive in the 10 www.copcap.com www.oresundsregionen.org Copenhagen-Malmö area and soon the www.visitcopenhagen.dk www.malmo.se region will experience a new boost. Billions 18 UN’s new Copenhagen headquarters in the www.meetincopenhagen.dk www.skane.se are being invested these years to optimize running for MIPIM Award the region's infrastructure. www.expatindenmark.com www.lund.se The Øresund Region www.mediconvalley.com

20 Everything geared towards attracting DENMARK A new connection to Europe by way of the maximum attention Fehmarn Belt Bridge, railway optimizing, unique infrastructural hubs and more metro lines, are some of the efforts to develop 26 State-of-the-art domicile just the region into one of Europe's most accessible and well-functioning areas. outside of Copenhagen The Øresund Region In this exciting investment climate, we welcome you to Scandinavian Property Magazine. Here you will find useful articles on one of Europe’s most interesting 28 Good progress in Malmö Helsingør Helsingborg regions. 36 Brighter days ahead for the office market We have gathered some general as well as specific issues regarding the property

and investment market in the region. Copenhagen and Malmö together make for a vibrant region years after a bridge was built to connect the area and form a new 42 1.6 million sq m for sale in Copenhagen’s new districts Hillerød power center and a commercial hub in Europe. SKÅNE In turbulent times, the Nordic economies have proved they remain strong. This 48 Copenhagen and Malmö to host international property event in April leaves a safe and stable investment environment - one that more and more inter- Ø re su n d national investors are considering including in their portfolios. The region does not offer exorbitant yields but low risk stable investments with a possible upside if you 50 Major growth in several Danish cities go into the non-core segment. 54 190,000 sq m development Malmö and Copenhagen are experiencing remarkable population growth these years potential north of Copenhagen and this makes the housing market even more interesting. There are always many Nordhavn COPENHAGEN international investors attracted to the region and massive effort is now being CBD focused on improving its accessibility so more companies locate their headquarters 56 Nearly €4 billion to upgrade Danish Lund railway and regional offices in the area. Roskilde Investors can use this magazine to get a snapshot of the region’s development and 60 Denmark’s best-known department Ørestad CBD gather insight into who is setting the agenda and how - on both sides of Øresund. store sold MALMÖ You will meet a lot of the most prominent, influential and important market players. SJÆLLAND Hyllie Be sure to notice the Business Directory where you will find exclusive and direct 66 Danish-Swedish metro would contact info to decision makers from leading companies in the industry. relieve traffic on the Øresund Bridge

Enjoy your reading and if you want to know more – please don’t hesitate to contact Køge 68 An open window for international investors us and we will guide you to further knowledge.

Best regards, 70 Business guide Kamilla Sevel Editor-in-chiefTHE ROAD AHEAD FOR THE SCANDINAVIAN Publisher Editor-in-chief Cover photo 80 Hyllie – Malmö’s climate smart district scandinavian Estate Media Nordic ApS Kamilla Sevel Visit Denmark, Kim Wyon Estate Media HOTEL INVESTMENT MARKET property Stengade 83 Tlf. (+45) 42 76 00 20 [email protected] DK-3000 Helsingør [email protected] Want to know more about the HotCop is the leading annual forum for investors and magazine [email protected] media market in the Nordics Tlf. (+45) 49 25 39 69 Design and layout and advertising in Estate Media operators in the Scandinavian hospitality market. Estate Reklame products? Advertising sales HotCop is returning for the 5th time with its spotlight Tel. direct (+45) 29 38 74 80 ISSN nr. 1904-2434 Contact: [email protected] CEO Nordic – onthe Nordicfinancing, Media House investing specialized and operating. Print Nikolaj Pfeiffer in the property business United Press [email protected] Sign up at www.hotcop.dk

SPM_COVER_2014.inddSPM_2014_SAMLET_TIL_TRYK_korr.indd 2 82 20/02/14 14.30 20/02/14 15.01 scandinavian property magazine

Luckily, you COPENHAGEN IN THE MIDST OF

CONSTRUCTION, PROPERTY MASSIVE can’t measure AND INVESTMENT IN | No 1 2014 COPENHAGEN AND DEVELOPMENT MALMÖ REGION No 1 – 2014 everything - Copenhagen and Malmö together form one of Europes most interesting Our investors and clients measure everything we do. regions And so they should. However, what makes us success - ful are all the things you can’t measure. It’s this special Solid infrastructure feel-good sensation you sometimes get when entering investments form a a certain building. It’s this kind of feeling we always sound foundation for strive for in our projects. Tetris is a Copenhagen-based future investors developer established in 2008. What’s more interesting is that we involve ourselves in our investors and clients at a very personal level. From the firstdialogue to the 1,000 new residents final result we’re only a few people driving the process move to Copenhagen and that really makes a difference. An unmeasurable every month magically difference.For more magic visit tetris.as Developing the Scandinavian way – read about exciting new city areas

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SPM_COVER_2014.indd 1 20/02/14 15.01 5593-Tetris_MiPIM ann 230x290.indd 1 12/02/14 14.41